Paul Hastings Advises Qualcomm on its Strategic Alliance with Alcatel-Lucent
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
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