Alcatel-Lucent bowed to political pressure by agreeing to almost halve the bonuses it will pay to former CEO Michel Combes, to €7.9 million ($8.9 million).
Nokia and industrial investment company China Huaxin agreed to establish a joint venture combining Nokia China and Alcatel-Lucent Shanghai Bell (ASB) once the proposed merger of the Finnish equipment manufacturer with Alcatel-Lucent has been closed.
Nokia said on Friday it has received approval from the European Commission (EC) for its planned €15.6 billion ($17 billion) merger with Alcatel-Lucent, clearing an important hurdle in its pursuit of the rival telecoms equipment manufacturer.
Alcatel-Lucent revealed that smartphone users in four key global markets increasingly would prefer to access operators' customer service functions via a mobile application than a call centre.
Just a day after announcing they were in "advanced discussions with respect to a potential full combination," Nokia and Alcatel-Lucent on Wednesday revealed full details of their plans to combine under the Nokia brand, with headquarters in Finland, a strong presence in France and Nokia boss Rajeev Suri as CEO.
Alcatel-Lucent may be able to make good on its promise of delivering positive free cash flow for the first time since the two telecom companies merged in 2006. CEO Michel Combes said during the company's year-end and fourth-quarter earnings call that free cash flow is a goal of the company's turnaround, which he expects to happen by year-end.
Huawei is adding some heat to the emerging 100G PON optical access space by introducing its own time and wavelength division multiplexed passive optical network (TWDM PON) system.
Alcatel-Lucent's CEO said the company remains on track to reach its goal of becoming free cash flow positive by next year. And he said the company will be able to persist against its larger rivals like Ericsson and Huawei.
A published report indicates that Google Fiber has begun its anticipated buildout in Austin, Texas, but that the company will miss its original deadline to start connecting homes by the middle of 2014.
Zain Saudi Arabia said it has signed infrastructure supply contracts worth 4.5 billion riyals (€882 million/$1.2 billion) to develop and expand its network.