It was a big contract win for Alcatel Lucent SA (ADR) (NYSE:ALU). The company was awarded a big 4G deal by China Telecom, which would make it one of the three top suppliers of high-speed mobile broadband access.
Alcatel Lucent SA (ADR) (NYSE:ALU)'s newly appointed CEO, Michel Combes, recently announced plans to cut costs. Combes said he aims to raise 2 billion euros ($2.7 billion) by 2015 through job cuts and asset sales.
... Corporation (ADR) (NYSE:NOK) announced that it has received the approval from Committee on Foreign Investment in the United States (CFIUS), removing one of the major regulatory barriers, the company could have faced in acquiring Alcatel Lucent SA ...
Alcatel Lucent SA (ADR) (NYSE:ALU) plans to update on its new growth strategy later this year. The company is entering the final leg of its turnaround plan and CEO, Michel Combes, said he remains focused on completing the process successfully.
The deal between Nokia and Alcatel-Lucent is almost drawing to a close. The European Commission has given its approval to the Finnish company to acquire the French global telecom equipment company for $16.6 billion.