Alcatel-Lucent said it is seeking to raise around $2.7 billion in fresh capital via a combination of new shares and debt, as the equipment vendor takes advantage of a rising stock price and optimism that it will be able to reverse its business situation.
Alcatel-Lucent's IP routing division continues to be the shining star in the company's portfolio, rising 7 percent year-over-year to $789.2 million.
When it comes to packet optical transport systems, a new Infonetics report says that service providers favor four vendors: Ciena, Alcatel-Lucent, Cisco and Huawei.
Alcatel-Lucent reported a narrower loss for the third quarter amid rising revenue. The results indicate that the vendor's massive new cost-cutting plan is starting to take hold as it tries to nurse itself back to health as a smaller company.
Sprint announced it will brand its forthcoming tri-mode LTE service as "Sprint Spark," and said it will bring the service to the top 100 U.S. markets during the next three years with speeds capable of reaching 50-60 Mbps and perhaps faster.
Telstra, Australia's incumbent telco, said it was able to transmit up to 100 Mbps of bandwidth over existing copper networks leveraging Alcatel-Lucent's VDSL2 and vectoring technology.
Sprint has received LTE-enabled small cells from its infrastructure vendors Alcatel-Lucent and Samsung and is testing the devices for planned deployment.
Struggling to catch up with Asia and North America, which have set the pace for LTE deployments, Europe is focusing on the next generation of mobile communications, commonly called 5G.
As Nokia presented what is likely to be one of its last lineups of new Lumia devices including its first tablet and a new "phablet" before the manufacturer sells its devices and services business to partner Microsoft, rumours persist that the Finnish company could make use of this new influx of cash to buy the mobile unit of struggling vendor Alcatel-Lucent, whose future looks more uncertain by the day.
In Greek mythology, Metis was a cunning and wise Titan goddess capable of prophesying. In modern times, METIS is a research project being partially funded by the European Commission with an eye toward enabling its vision of the 5G future.