November 15, 2013 / 1:35 PM / 4 years ago

Alcatel-Lucent confirms cap hike timetable

1 Min Read

The logo of the telecom equipment maker Alcatel-Lucent is seen on the company site building in Rennes, western France, October 15, 2013.Stephane Mahe

PARIS (Reuters) - Alcatel-Lucent confirmed the subscription ratio and timetable of its planned capital increase on Friday, and said it would amount to 956.69 million euros ($1.29 billion).

The company confirmed that the subscription period would start on November 19 and end on November 29.

The loss-making telecom equipment maker earlier this month announced plans to raise 954.92 million euros from shareholders and $750 million from a high-yield bond to cut debt and drive what its chief executive has called a last-ditch effort to save the group.

Reporting by James Regan; Editing by Blaise Robinson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below