Alcatel studying asset sales, debt reprofiling -CFO
PARIS Nov 2 (Reuters) - Alcatel-Lucent is studying options for asset sales or a reprofiling of its debt to strengthen the group's balance sheet, said Chief Financial Officer Paul Tufano on Friday.
"Our debt maturities are evenly spread over the next three years so we have no immediate debt cliff in front of us," he said on a call after third quarter results.
"Having said that, we are looking at all our options to strengthen our balance sheet, such as reprofiling our debt or an infusion of liquidity, including asset sales."
Alcatel-Lucent sold its Gensys call centre business to private-equity fund Permira for $1.5 billion last year, but has not sold other units since then.
Asked when decisions on debt restructuring or asset sales would be made, Tufano declined to comment. "We are actively engaged," he said. (Reporting by Leila Abboud)
- Atheists face death in 13 countries, global discrimination: study
- Missouri executes man for killing good Samaritan motorist in 1994
- Focus turns to Thai military, anti-government protesters tell them to pick sides
- Google executives' planes saved millions in costs due to error - NASA
- Apple scores legal victory over Samsung in South Korea