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  • New CEO begins Alcatel makeover
    By Leila Abboud PARIS (Reuters) - Telecom equipment maker Alcatel-Lucent plans to focus on networking products and high-speed broadband and will slim down with a billion euros in cost cuts by 2015 in a bid to reverse years of losses. The plan unveiled on Wednesday by Michel Combes, the company's new chief executive, will also include more than a billion euros of unspecified asset sales and 2 ...
    June 19, 2013 - Reuters via Yahoo! News
  • Alcatel-Lucent revamp aims to cut 1 billion euros in costs: report
    PARIS (Reuters) - Telecommunications gear maker Alcatel-Lucent aims to cut a billion euros in costs and focus on the IP router business and mobile broadband as part of a strategic revamp to be unveiled by its new chief executive on Wednesday, French daily Les Echos reported. The paper said without citing its sources that the impact on jobs would be minimal while the cost cuts would come from ...
    June 18, 2013 - Reuters via Yahoo! News
  • Dish abandons Sprint bid for now to focus on Clearwire
    NEW YORK (Reuters) - Dish Network Corp said it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel in time for a Tuesday deadline and will instead focus on its tender offer for Clearwire Corp. The decision may be good news for Japan's SoftBank Corp, which is also trying to buy Sprint. Satellite TV provider Dish said in a statement that it was not practical for it to ...
    June 18, 2013 - Reuters via Yahoo! News

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