Alcatel CEO says Qualcomm deal may lead to others
PARIS, July 30
PARIS, July 30 (Reuters) - Alcatel Lucent's joint venture with Qualcomm could be the first of several deals aimed at boosting the French telecom-equipment maker's footprint in fast-growing technologies, Alcatel's chief executive said on Tuesday.
Michel Combes added that, as with the Qualcomm deal, other partners - roughly three to five - could end up taking small stakes in Alcatel.
"We obviously intend to do the same with a few other names in the industry in the coming quarters in due course," he said. "All those partners together might represent 5 pct of our capital structure." (Reporting By Christian Plumb; Editing by Lionel Laurent)
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