By Sally Watson, 12 January 1999 14:11
NEWS Telecoms equipment giant, Lucent Technologies has bought privately held Kenan Systems in a share deal worth approximately $1.48bn. Kenan specialises in flexible billing, order processing and customer analysis software that enables service providers to produce a single bill for wireless, voice, data, Internet and broadband cable services. The acquisition takes Lucent one step closer to its aim of offering a one-stop shop for voice and data products. Meanwhile, a report in yesterday's Financial Times claimed Lucent was in negotiations to buy data networking specialist Ascend Communications for $16bn. Kenan's customers include AT&T, BT, Cegetel, France Telecom, MCI WorldCom and Viag.
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