PARIS, June 19 Telecom equipment maker
Alcatel-Lucent unveiled a new plan to reverse years of
losses, targeting cost cuts of 1 billion euro and asset sales of
above 1 billion by 2015.
Michel Combes, the company's new chief executive, also said
on Wednesday that the Paris-based group would reposition itself
as a specialist player by focusing research and marketing
efforts on IP networking products and very high-speed broadband
in both fixed and mobile.
These promising new products will be managed to maximise
growth, while other older fixed and mobile products will be
"managed for cash", the company said.
Alcatel-Lucent competes with Sweden's Ericsson,
China's Huawei, and Nokia Siemens Networks.
(Reporting by Leila Abboud; editing by Geert De clercq)