Tag: Alcatel Lucent
HELSINKI (Reuters) – Telecom network equipment maker Nokia is likely to cut 10,000 to 15,000 jobs globally – far more than it has announced so far – after its acquisition of Franco-American rival Alcatel-Lucent, a Finnish union representative said. The company has announced plans for around 2,400 job cuts in Finland and Germany as part […]
HELSINKI/PARIS (Reuters) – Finnish network equipment maker Nokia reported stronger-than-expected quarterly profits as growth in China offset weaker demand in other key markets, and said it would return money to shareholders after acquiring Alcatel-Lucent. The company said on Thursday it was on track to complete the proposed 15.6 billion euro ($17 billion) takeover of its […]
It should be no surprise that Nokia executives will dominate the combined company’s management team after the acquisition of Alcatel-Lucent. The wires are running hot with this ‘not so surprising’ news, despite press releases earlier this year claiming that the Alcatel-Lucent part would remain firmly rooted in France. It may, but without its senior management […]
PARIS (Reuters) – French Economy Minister Emmanuel Macron stepped up the pressure on former Alcatel-Lucent CEO Michel Combes, describing his departure from the company before the finalization of a takeover by Nokia as “shocking” and “bad corporate behavior”. Combes left telecoms equipment maker Alcatel this week to become chief operating officer of telecoms networks operator […]
PARIS/HELSINKI (Reuters) – Shares in telecom network gear makers Nokia and Alcatel-Lucent jumped on Thursday after both posted strong second-quarter results, giving a positive signal ahead of their pending merger. Nokia’s 15.6 billion euro ($17 billion) acquisition of Alcatel-Lucent announced in mid-April aims to position the company to better compete with market leader Ericsson and […]
HELSINKI (Reuters) – Nokia Chief Executive Rajeev Suri defended the terms of its pending acquisition of smaller telecom gear maker Alcatel-Lucent after a shareholder criticised them as unacceptable. Odey Asset Management, Alcatel-Lucent’s second-largest shareholder with 5 percent, said in a letter to investors that it would not tender its shares in the Nokia takeover because […]
The more than $1 billion India’s Reliance Communications will spend in its seven year managed services deal with Alcatel-Lucent has both positive and negative ramifications for the OSS/BSS sector. This is yet another sign of a growing trend wherein large operators look to outsource their network operations (and OSS, sometimes BSS as a result) to […]
As the US moves on from the dreadful mudslinging that characterized the 2012 Presidential election, many Americans are wondering what the US government can do to restore the nation’s leadership in the world. There’s an awful lot of unrealistic rhetoric harkening back to “the good old days” when things were built in America and the […]
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