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Alcatel-Lucent boss under fire over huge reported bonuses
2015-08-30 21:02:37| Telecom - Topix.net
France's government and unions Sunday called on the head of telecoms equipment maker Alcatel-Lucent to renounce reported bonuses of some 14 million euros he could receive after the firm was swallowed up by its rival Nokia. Michel Combes, who has headed the French-American company since 2013, is due to step down as part of a 15.6-billion-euro deal to create the world's biggest supplier of mobile phone network equipment.
French Telecoms Tycoon Drahi to Hire Alcatel-Lucent CEO Combes for Top Jobs
2015-08-27 13:45:08| Telecom - Topix.net
French telecommunications tycoon Patrick Drahi will hire Michel Combes, the outgoing chief executive of Alcatel-Lucent SA, to take top jobs at his French company Numericable-SFR SA and his holding company Altice NV, a person close to the matter said Thursday. Mr. Combes, who is due to leave Alcatel-Lucent Sept.
Alcatel-Lucent deploys IP Routing portfolio at Telefónica
2015-08-19 11:00:19| Digital TV News
Alcatel-Lucent (Paris and NYSE: ALU) is transforming Telefonica's fixed and mobile networks with its IP technology and services expertise to meet growing consumption of data and video by its customers while ensuring optimal operational cost and efficiency.
Tags: portfolio
routing
telefónica
deploys
Nokia, Alcatel-Lucent post strong results as merger approaches
2015-07-30 12:16:37| Telecom - Topix.net
Nokia's 15.6 billion euro acquisition of Alcatel-Lucent announced in mid-April aims to position the company to better compete with market leader Ericsson and low-cost Chinese powerhouse Huawei [HWT.UL], by forging a strong number two in mobile with a more complete product line. But with competition in the sector remaining intense and demand from telecom operators soft, some investors still have concerns about the marriage.
Tags: results
post
strong
nokia
Alcatel-Lucent sees positive cash flow, higher margins in Q2
2015-07-30 08:24:00| Telecompaper Headlines
(Telecompaper) Alcatel-Lucent reported second-quarter revenues up 5 percent year-on-year to EUR 3.45 billion. The figure was helped by exchange rate effects, as excluding forex, revenues fell 9 percent from a year ago. Revenues from its core networking business rose 10 percent at constant exchange rates, to EUR 1.68 billion, while revenues from the Access business fell 20 percent to EUR 1.77 billion. The company improved operating profit to EUR 175 million from EUR 139 million a year ago, raising the margin 1 percent point to 5.1 percent. The net loss also narrowed, to EUR 54 million from EUR 298 million, and free cash flow moved to a positive EUR 65 million from a negative EUR 205 million in Q2 2014. CEO Michel Combes said the results showed good resilience in spite of soft spending by operators, especially in North America. This was the first time the company had positive free cash flow in a second quarter since the merger of Alcatel and Lucent in 2006, showing the effects of the 'Shift Plan' paying off, according to the CEO. Cost savings from the plan have reached EUR 746 million to date.
Tags: positive
higher
cash
flow
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