Alcatel-Lucent CEO Michel Combes unveiled his much-anticipated restructuring plan for the equipment manufacturer Wednesday, announcing further cost-cutting measures in a drive to become cash-flow positive by 2015.
Europe's mobile network vendors could see a key Chinese tender for TD-LTE equipment delayed until later in the year, as China Mobile executives decide whether to upgrade from 3G or install new network equipment.
Analysts have warned that Alcatel-Lucent must return to profitability soon to avoid a cut in its debt rating, after the equipment manufacturer revealed in its first-quarter results that it is still suffering from high cash burn.
Alcatel-Lucent posted a loss of €353 million in the first quarter of 2013 as the equipment manufacturer continues to burn through cash at an alarming rate, and said it would undertake a review of its strategy by early this summer.
Alcatel-Lucent's new CEO Michel Combes is expected to accelerate the company's €1.25 billion cost-cutting plan, which includes 5,500 job cuts, a labour union source told Reuters .
BTES, a municipally-owned electric utility, on Monday became the latest utility to jump on the Gbps-based FTTH bandwagon, offering 1 Gbps services to all of its residential and business electric customers.
Carriers are still making good money on their fixed broadband networks and services, but they're in a financial bind when it comes time to spend money to upgrade and/or improve those networks.
Alcatel-Lucent streamlined its management team and said it will focus on only a few core areas starting Jan. 1, moves the infrastructure vendor said are necessary to help it generate $1.6 billion in savings by the end of 2013.
The Chinese government has forcefully dismissed allegations by the European Union that Huawei and ZTE have been engaging in dumping telecoms equipment by selling into Europe at below cost prices....
BARCELONA, Spain--Everyone knows that mobile broadband usage is expected to soar in the coming years, but will it grow 10 times today's usage or 100 times today's usage? That is a question nearly