Lucent Technologies Inc. is facing an uphill battle in its attempt to line up close to $1 billion in financing to provide hardware for a highly touted telecommunications joint venture, according to bankers.

These bankers wondered aloud whether the Murray Hill, N.J.-based AT&T spinoff can raise that kind of capital necessary to provide switches and other wireless equipment to Sprint Spectrum, a wireless communications joint venture of Sprint Corp., Cox Communications, Comcast Cable, and Telecommunications Inc.

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