Lucent to Invest Up to $1 Billion in 5 Years at Atlanta Plant |
Atlanta, Oct. 16 (Bloomberg) -- Lucent Technologies Inc.
plans to invest $350 million over two years and as much as $1
billion over the next five years to expand its Atlanta fiber-
optics plant, the Atlanta Journal-Constitution reported. Lucent,
already Atlanta's fifth-largest employer with 6,800 jobs at 27
locations, could add hundreds of jobs in its telecommunications
expansion, the paper said. The facility, located in Atlanta's
Norcross suburb, is already the world's largest combined fiber
and fiber cable manufacturer, and the hub of Lucent's 13 global
Murray Hill, New Jersey-based Lucent yesterday said it
agreed to buy Livingston Enterprises Inc. for $650 million in
stock, adding remote-access concentrators which link telephone
lines to the Internet to its computer-networking business.