Alcatel-Lucent plunges after third warning
Alcatel-Lucent has slashed its forecast for full-year revenue growth to nearly zero as a result of a slowdown in capital spending among its wireless customers in North America. The group had counted on higher volume sales to compensate for the price cuts it has undertaken in order to compete with Ericsson. Alcatel-Lucent, which is struggling to implement a cost savings plan that will result in more than 12,000 job cuts, said it planned to press ahead with its plans and was confident of hitting its target for synergy related savings of EUR600million this year. This was Alcatel-Lucent’s third outlook warning this year.
Vivendi in Oger Telecom stake talks
Vivendi, the French media group, is in talks that could lead to it investing in Oger Telecom, the Dubai-based company that owns telecoms businesses in emerging markets. Jean-Bernard Lévy, Vivendi’s chief executive, said: “We have repeatedly said we were looking for investments in fast-growing economies in the telecoms area.” Vivendi has a controlling stake in SFR, France’s second largest mobile operator, and Maroc Telecom, Morocco’s leading carrier.
T-Mobile considers network sharing plan with 3
FT writes that T-Mobile, the UK's fourth-biggest mobile operator, is considering pooling its network infrastructure with 3, its loss making rival, in a move that could provide both companies with significant cost savings. Some analysts said the network sharing plan, if concluded, could pave the way to T-Mobile to buy 3. T-Mobile and 3 declined to comment.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment