Paris – Paul Hastings has advised Qualcomm Incorporated, the world leader in 3G, 4G, and mobile technology of the next generation, in connection with its strategic alliance with Alcatel-Lucent to improve access to very high-speed internet and cellular networks.
Under this agreement, Qualcomm Incorporated will also have the right, in particular during the period 2013-2016, to four tranches of Alcatel-Lucent shares involving up to $20 million per tranche. Each tranche will be subject to a lock-up commitment lasting at least 6 months. On 30 September, Qualcomm Incorporated acquired approximately 6 million shares held in the treasury (i.e., approximately 0.25% of Alcatel Lucent’s share capital), representing a first tranche of $20 million.
Traded on Nasdaq, Qualcomm had revenues of $19 billion in 2012.
The Paul Hastings team was led by partner Guillaume Kellner, assisted by partner David Revcolevschi and associate Mounir Ait Belkacem, with partner Scott Saks and associate Margaret Tong on aspects of US law. Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visitwww.paulhastings.com for more information.