Alcatel costs must be cut to be similar to peers-CEO
PARIS, June 19
PARIS, June 19 (Reuters) - Alcatel-Lucent Chief Executive Michel Combes said the loss-making telecom equipment group needs to adjust its cost structure to be at similar level to peers, such as Ericsson and Nokia Siemens Networks.
As part of a goal of cutting group debt by 2 billion euros, Combes added that the group could consider further asset sales of "any form" of equity raising. (Reporting by Leila Abboud; editing by Geert De Clercq)