Alcatel-Lucent has struck a deal to sell LGS Innovations, its public sector subsidiary, to Madison Dearborn Partners and CoVant for $200 million as part of its ongoing shift to become a specialist in IP networking and broadband access.
Alcatel-Lucent has put another piece of its new management team in place by naming former AT&T executive Tim Krause as its new Chief Marketing Officer.
Following Alcatel-Lucent's recent wins in China, two of its rivals have snapped up more deals across Asia as European equipment manufacturers continue to benefit from the LTE rollout programmes of operators in the Asia-Pacific region.
Bezeq, Israel's incumbent telco, has appointed Alcatel-Lucent as its VDSL2 and vectoring equipment provider to deliver higher speed broadband over its existing copper network.
Hot on the heels of its return to France's blue-chip company index, Alcatel-Lucent reported more good news this week after it won two more LTE deals in China.
Alcatel-Lucent has picked up another major contract from China's 4G rollouts, securing a deal to become one of the top three suppliers for China Telecom's dual-mode LTE trials.
Alcatel-Lucent has opened a new showcase center in Taiwan to help market its networking wares to operators and enterprise customers in North Asia and China. The new Alc
GlobeNet, an emerging submarine cable player, has finished the buildout of its subsea network to Colombia and has named UNE EPM Telecomunicaciones as an anchor tenant.
As was widely anticipated, Alcatel-Lucent is to rejoin the French blue-chip index CAC 40 on Dec. 23 in a move that reflects the continuing recovery of the telecoms equipment manufacturer after several torrid years.
Cisco and Juniper continue to remain the dominant core router service players, a position that was further cemented by the introduction of new products in the recent financial quarter, according to a new Dell'Oro report.