Rumours abound of Nortel GSM sale

Rumours are doing the rounds that Alcatel-Lucent has signed an agreement with Nortel, giving the mega vendor first option to buy the Canadian firm’s GSM business should it come up for sale. According to a document apparently acquired by French daily Les Echos, Alcatel-Lucent would have 30 days to make a first offer, before the […]

Alcatel-Lucent will resume growth – Russo

Patricia Russo, chief executive of Alcatel-Lucent has said in an interview with the UK financial daily, the Financial Times, that she believes the company can “resume growth” as it moves through 2007. In January, Alcatel-Lucent announced a profit warning ahead of its 2006 results as well as forecasting that revenue for the first quarter of […]

Heads roll at Alcatel-Lucent

Newly formed monster vendor Alcatel-Lucent said Friday that it would cut 12,500 jobs over three years after delivering a loss in the fourth quarter and a significant reduction in full year profits. In the first quarter of reported results as a combined company, Alcatel-Lucent posted a loss of Eur618m compared to a profit of Eur381m […]

Alcatel-Lucent spooks market

Newly formed monster vendor Alcatel-Lucent sent a shudder through the investor community on Tuesday, when it warned of an expected drop in profits for 2006. In morning trading, shares in the company dropped almost 11 per cent as on an adjusted pro-forma basis, Alcatel-Lucent said it expects full year 2006 revenue to be approximately Eur18.3bn, […]

Alcatel-Lucent completes Nortel UMTS buy

Alcatel-Lucent said Tuesday that its acquisition of Nortel Networks Corp.’s UMTS radio access business, is now complete, after it won regulatory approval over the holiday period. Nortel received a cash payment of £163m ($320m) minus “some deductions”, the company said in a statement. The Nortel purchase is the largest the newly formed Alcatel-Lucent has made […]

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