PARIS Oct 31 Alcatel-Lucent Chief
Executive Michel Combes said the telecom equipment group was
"actively working" on a previously announced asset sale plan to
shed 1 billion euros ($1.38 billion) worth of assets by 2015.
Speaking after third-quarter results that were well received
by the market, Combes said that the improving profitability and
narrower loss largely based on cost-cutting did not change his
pledge to sell some assets.
"I'm not in the habit of talking about timing of asset
sales, but they remain part of the Shift plan and we are
actively working on them," he said, referring to his ongoing
Shares were up 18.3 percent to 2.79 euros by 1248 GMT.
($1 = 0.7262 euros)
(Reporting by Leila Abboud, Editing by Natalie Huet)