Alcatel-Lucent Provides Update on Holdings of Bridgewater Systems



    OTTAWA, Jan. 23 /CNW/ -- Alcatel-Lucent Canada Inc. ("ALCI"), an indirect
subsidiary of Alcatel-Lucent (Euronext Paris and NYSE:   ALU) of France, is
announcing an update regarding its holdings in Bridgewater Systems Corporation
(TSX:  BWC) ("Bridgewater"). At the time of Bridgewater's initial public
offering in December, 2007, ALCI entered into a lock-up agreement that limited
its ability to sell its Bridgewater shares. The lock-up agreement expired on
December 15, 2008, and as a result ALCI is no longer restricted in its ability
to sell any of its shares of Bridgewater.
    

    
    ALCI confirms that it currently holds beneficial ownership and sole
control of 3,454,672 common shares of Bridgewater, representing approximately
15.5% of the issued and outstanding common shares of Bridgewater.  These
shares were owned at the date of Bridgewater's initial public offering ("IPO")
in December, 2007.  At the time of the IPO, the shares of Bridgewater had a
market value, based on the IPO price, of C$5.50 each.  The Bridgewater shares
are held for investment purposes. ALCI originally acquired the shares as a
strategic investment while Bridgewater was a private company.  No person is
acting jointly or in concert with ALCI or shares ownership or control over
these shares of Bridgewater.
    

    
    As the lock-up agreement has now expired, ALCI expects that, under
appropriate circumstances and on appropriate terms, it will dispose of some or
all of these shares.  Any such dispositions could occur in the market, in
private agreement transactions or otherwise.  ALCI is not required to file
notices in advance of proposed trades.
    

    About Alcatel-Lucent
    
    Alcatel-Lucent (Euronext Paris and NYSE:   ALU) is the trusted partner of
service providers, enterprises and governments worldwide, providing solutions
that deliver voice, data and video communication services to end-users. A
leader in fixed, mobile and converged broadband networking, IP technologies,
applications and services, Alcatel-Lucent leverages the unrivalled technical
and scientific expertise of Bell Labs, one of the largest innovation
powerhouses in the communications industry. With operations in more than 130
countries and the most experienced global services organization in the
industry, Alcatel-Lucent is a local partner with a global reach.
Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is
incorporated in France, with executive offices located in Paris. For more
information, visit Alcatel-Lucent on the Internet:
http://www.alcatel-lucent.com.
    

    
    Alcatel-Lucent Canada Inc. is located at 600 March Road, Ottawa, Ontario
Canada K2K 2E6.
    



    




For further information:

For further information: Press: Regine Coqueran, +33(0)1-40-76-49-24,
regine.coqueran@alcatel-lucent.com, Mary Ward, +1-908-582-7658,
maryward@alcatel-lucent.com; Investor Relations: Remi Thomas,
+33(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com, Tom Bevilacqua,
+1-908-582-7998, bevilacqua@alcatel-lucent.com, Tony Lucido,
+33(0)1-40-76-4980, alucido@alcatel-lucent.com, or Don Sweeney,
+1-908-582-6153, dsweeney@alcatel-lucent.com, all of Alcatel-Lucent Web Site:
http://www.alcatel-lucent.com

Organization Profile

ALCATEL-LUCENT CANADA INC.

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