Alacatel-Lucent will be strong global firm: Russo
624943
The merger approved by shareholders of France's Alcatel and US telecommunications maker Lucent will create a strong global player, the chief executive named for the new firm has said.
148770
Why the Finnish mobile phone manufacturer could be a strong long-term stock.
73186
The global mobile phone market is set to  grow to 2 billion subscribers by the end of 2005, fueled by  strong demand from developing economies in Asia and Latin  America, Deloitte & Touche said on Tuesday.
207855
French-American telecoms equipment group  Alcatel-Lucent  said on Monday it had won a contract  from Germany's VSE NET to build the country's "first  commercial" WiMAX network in the Saar region bordering France.
578491
Alcatel-Lucent, a telecoms equipment giant valued at 21.5 billion euros (27 billion dollars), began life after the merger of French group Alcatel and its former US rival Lucent.
370858
There was pain for Alcatel (NYSE:ALA)-Lucent shareholders as the Franco-American company issued its third outlook warning this year on Thursday.
137678
Products produced to meet Japan&#39;s demand for broadband services will be &quot;robust enough to handle any other market in the world,&quot; said Mike Volpi of Cisco&#39;s routing technology group.
552691
Telecommunications gear maker  Alcatel-Lucent  could cut more than 20 percent of its  world-wide staff, L'Expansion weekly said on Tuesday on its  Website, citing industry sources.
277156
The phone giant&#39;s mobile unit is not just a great telecom operation. It may be one of the best companies in the world. Verizon Communications (VZ ) Chief Executive Ivan Seidenberg is a fan of management guru
637392
Dell'Oro Group, the trusted source for  information about the networking and telecommunications industries,  announced today that its recent forecast of the IP Telephony-Carrier  market shows Asia Pacific as the strongest regional performer in the  market through 2011.
64569
Strong sales forecast, says financial officer at investment event.
703887
NEW DELHI: Indian analysts on Tuesday hailed a âlandmarkâ agreement between India and the European Union to forge a strategic partnership and cooperate in areas such as space and energy, saying it confirms India as a global player.
194186
Alcatel-Lucent reported higher sales but a net loss for the fourth quarter due to a big writedown in its CDMA (code division multiple access) and IP (Internet protocol) multimedia services businesses.The company said revenue rose 18 percent to &#8364;5.2 billion on the back of strong performance at several of its major business units. But despite the stronger sales the company saw its net profit plunge into the red to the tune of &#8364;2.6 billion. This was largely due to the &#8364;2.5 billion writedown.Its wireline and wireless carrier business was strong and revenues were &#8364;3.7 billion in the quarter against &#8364;3.2 billion during the same period a year earlier. The company benefited from strong growth in carrier-type optical networking, and the GSM (Global System for Mobile Communications) and WCDMA (Wideband CDMA) sectors. Broadband access revenue fell on the back of a decline in the number of DSL lines delivered.Revenues were up 27 percent in the services business to &#8364;1 billion after the company won large network operations contracts and worked on IPTV and IP network integration projects. Its enterprise business segment saw revenues of &#8364;435 million, up about 4 percent, thanks to strong momentum in Europe and Asia.The report came with bad news for investors. The company suspended its dividend payment for 2007 &quot;in the light of these results and or a more uncertain market outlook,&quot; it said.&quot;We just thought very plainly that it was good financial discipline looking at both our net income in &#39;07 and the very tough macroeconomic environment,&quot; said Hubert de Pesquidoux, chief financial officer, on a conference call.CEO Patricia Russo warned that the company doesn&#39;t have a positive short-term outlook, particularly with a looming recession in the U.S. given Alcatel-Lucent&#39;s dependance on business there.&quot;There is a level of uncertainty ... that leaves a lot unknown,&quot; Russo said.Despite interest in IP networking and 3G broadband services, growth over the next year is likely to be flat or just slightly up, Russo said. Taking into account currency differences, the market will likely be down, she said.Some customers are also pursuing network-sharing arrangements, which could affect how much those companies spend on their own infrastructure, she said.Russo defended the&#160;2006 merger of Alcatel and Lucent&#160;and said the company is still trying to reduce costs. So far, about 6,700 employees have been let go in&#160;a restructuring plan&#160;that will shed a total of 12,500 employees, she said.
333739
Strong demand for low-cost phones in Africa, the Middle East and Asia lifted the companyâs share of the global market to almost 40 percent.
298840
(InfoWorld) - Shareholders of Alcatel SA and Lucent Technologies Inc. approved the companies' merger plansÂ Thursday, clearing one of the last hurdles to a mammoth consolidation in the communications equipment business. The merger scraped by at Lucent's special shareholder meeting Thursday in Wilmington, Delaware. It required 50 percent of the vote and received 51.97 percent, according to spokesman John Skalko. Alcatel, meeting in Paris, required a two-thirds vote of shareholders. All resolutions related to the merger were approved by at least 85 percent of the Alcatel shareholders who voted, said Alcatel spokesman Charlie Guyer. The two networking and telecommunications equipment manufacturers announced their intention to merge in April. The combined entity will have annual revenue of around â¬21 billion (US$25 billion), based on the companies' 2005 financial results. Lucent Chief Executive Officer Patricia Russo will become CEO of the combined company, which is to be called Alcatel Lucent, while Alcatel CEO Serge Tchuruk will become a non-executive chairman. Lucent, based in Murray Hill, New Jersey, is incorporated in Delaware. The merged company will be based in Paris, Alcatel's hometown. Alcatel and Lucent expect that the merged entity will make annual cost savings of about â¬1.4 billion, around half of that from job cuts. They plan to cut 9,000 from their combined payroll of 88,000. The U.S. Federal Trade Commission approved the deal in June, and the European Commission gave its consent in July. The largest remaining obstacle is convincing the Committee on Foreign Investment in the U.S. that the deal presents no threat to national security. To allay such fears, Lucent will set up a separate subsidiary run by U.S. citizens to handle sensitive research and development work for the U.S. government, while in France, Alcatel agreed to sell its satellite business to French aerospace electronics group Thales SA for similar reasons. The proposed deal has run into opposition from some investment companies and shareholders. Lucent announced on Friday it had settled two shareholder lawsuits that could have delayed Thursday's vote. Shares of both companies have fallen from their April levels, though they have made some gains in the past few weeks.
404615
Construction began this week on the 4,500-kilometer East African Marine System (TEAMS) undersea fiber optic project that will link east Africa to the Middle East and the rest of the world, according to government officials.Alcatel-Lucent will construct the cable, which should be operational in next year&#39;s second quarter, for $82 million. The vendor won a tender for the project last year.The cable will provide affordable international broadband connectivity to several countries in east Africa, said Kenyan Minister of Information and Communication Samuel Paghisio. The cable, Paghisio said, will initially have a capacity of 40GB but will later be upgraded to 640GB.&quot;The cable will bring competition on the pricing of bandwidth, which means that the cost of communication in the region will come down,&quot; Paghisio said.The project is a joint venture between the Kenyan government and the United Arab Emirates government through Etisalat Telecommunication. The two governments own 20 percent shares each in the project. Eighty percent of project shares have been opened to the private sector.The cable will run from Mombasa in Kenya to a global network of fiber-optic cables at Fujairah, United Arab Emirates. The East African region includes Rwanda, Uganda, Ethiopia, Sudan and Somalia.Kenya is a member of the&#160;east African submarine cable system&#160;(EASSY), another submarine cable project that will run parallel to TEAMS project under the Indian Ocean from Durban, South Africa, to Port Sudan in Sudan and provide high speed Internet connectivity. The EASSY project will connect 21 countries in the eastern and southern Africa region to the rest of the world.
615901
Shareholders in French telecommunications equipment maker Alcatel and US group Lucent were holding separate general assemblies on a merger to create a giant valued at 21.5 billion euros (27 billion dollars).