PARIS Feb 6 Telecom equipment maker
Alcatel-Lucent posted a net loss of 1.3 billion euros
($1.76 billion) last year hit by a writedown on its mobile
business and restructuring costs, showing the uphill climb it
faces in its long-awaited turnaround.
The company also announced on Thursday that it was in talks
to sell 75 percent of its enterprise business, which sells
communications products and services to corporations, to
investment fund China Huaxin.
The potential transaction prices Alcatel-Lucent Enterprise
at 268 million euros on an enterprise value basis.
Alcatel Chief Executive Michel Combes, who took over in
April 2013, has pledged 1 billion euros in asset sales through
2015. He has lifted investor hopes and led the stock to
quadruple last year.
Revenue in the fourth quarter was flat at 3.93 billion
euros, but the gross margin improved amid aggressive cost
cutting to reach 34 percent, leading to net income of 134
Analysts had on average forecast fourth-quarter sales of
4.16 billion euros, a gross margin of 32 percent, and an
adjusted net loss of 31.5 million, according to Thomson One
($1 = 0.7390 euros)
(Reporting by Leila Abboud and Gwenaelle Barzic; Editing by