Alcatel costs must be cut to be similar to peers-CEO

PARIS, June 19 Wed Jun 19, 2013 1:28am EDT

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)

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