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Nokia's shareholders to approve Alcatel-Lucent deal
2015-12-02 16:12:14| Telecom - Topix.net
Shareholders in Finnish telecom group Nokia are widely expected to approve the company's acquisition of French-American rival Alcatel-Lucent at an extraordinary general meeting in H elsinki on Wednesday. Once the world's top mobile phone maker, Nokia hopes the merger will help it become the world's number one network equipment and service provider, with a combined revenue of nearly 25 billion euros .
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Nokia shareholders back Alcatel-Lucent buy
2015-12-02 01:00:00| Total Telecom industry news
15.6 billion deal inches closer to completion; more than 50% of Alcatel-Lucent shareholders need to tender their shares.
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Union threatens strike action against Alcatel-Lucent, NBN
2015-11-30 08:12:14| Telecom - Topix.net
Workers at Alcatel-Lucent Australia, which is one of the national broadband network's biggest equipment suppliers, are threatening to go on strike and disrupt the $56 billion project in an effort to get better pay and working conditions. Alcatel-Lucent, the French technology giant, has a contract worth up to $1.5 billion to supply the crucial node cabinets to NBN.
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Alcatel-Lucent improves margins, cash flow in Q3
2015-10-29 09:08:00| Telecompaper Headlines
(Telecompaper) Alcatel-Lucent reported third-quarter revenues down 5 percent year-on-year to EUR 3.43 billion. Adjusted operating profit improved to EUR 212 million from EUR 170 million a year ago, as the company completed about 90 percent of the cost savings targeted under its 'Shift Plan'. The gross margin was up 50 basis points year-over-year to 34.5 percent, and the adjusted operating margin expanded 100 points to 6.2 percent. The net result was still a loss of EUR 206 million, widening from EUR 18 million a year ago due to a goodwill impairment charge on ASN. Operating cash flow moved to a positive EUR 83 million versus negative EUR 61 million a year earlier. For 2015 as a whole, Aclatel-Lucent forecast Core Networking revenues of EUR 6.8-7.0 billion and an adjusted operating margin similar to 2014, owing to the dilutive contribution from ASN. The submarine networks division has suffered from delays in contractual implementation of awards and continued softness in some geographies, notably Japan, the company said. The Access division, after reaching record profitability in Q3, is expected to largely exceed the operating cash flow target of EUR 200 million for 2015.
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BT, Alcatel-Lucent demo 5 Gbps on existing copper pairs using XG.fast
2015-10-22 09:09:33| Telecom - Topix.net
BT and Alcatel-Lucent have completed a demonstration of XG.fast technology during which the service provider was able to deliver more than 5 Gbps over its existing copper pairs. Although the implementation of XG.fast technology is in early lab testing at BT, the telco said it "exceeded expectations in trials at Adastral Park, BT's global research and development campus in Suffolk, and Alcatel-Lucent's labs in Antwerp."
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