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Technology Stocks : Lucent Technologies (LU)
LU 2.455-4.1%12:13 PM EST

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To: Mr.Fun who wrote (6672)3/17/1999 8:35:00 AM
From: Lee Ring  Read Replies (1) of 21876
 
Lucent Technologies to Buy Tata Stake in India's Tata Telecom
Mumbai-Lucent Technologies Inc of the US has proposed to buy out India's leading industrial group the Tatas' stake in Tata Telecom Ltd.
Although they confirmed "discussions" with Lucent, sources said that no deal had been struck, according to a daily, The Hindu Business Line. The proposal to sell the Tata stake has also not been laid out and everything is still in the discussion stage, sources said. At present, Lucent and the Tatas are equal partners in Tata Telecom, with each holding about 25 percent stake.

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