Key Developments: Alcatel Lucent SA (ALUA.PA)
1.50EUR
19 Jun 2013
€0.09 (+6.17%)
€1.41
€1.47
€1.52
€1.45
90,579,486
27,679,111
€1.52
€0.71
Latest Key Developments (Source: Significant Developments)
Alcatel Lucent SA Launches The Shift Plan to Focus on IP Networking and Ultra-Broadband Access
Alcatel Lucent SA announced 'The Shift Plan', a three-year plan to reposition the Company as a specialist provider of IP Networking and Ultra-Broadband Access. The key components of The Shift Plan include: a refocusing of the Group's R&D spending on IP Networking and Ultra-Broadband Access with an increased emphasis on co-development with customers and partners, while at the same time reducing spend on legacy technologies; EUR 1 billion in targeted reductions in the Group's fixed cost structure concentrated on actions to reduce sales, general and administrative (SG&A) expenses, refocus R&D and improve operational efficiencies; selective asset sales intended to generate at least EUR 1 billion over the period of the plan; aiming at reprofiling the Group's debt (EUR 2 billion) and, once the Company has executed The Shift Plan, a future reduction in debt (EUR 2 billion). Full Article
Alcatel Lucent SA's Series B Convertible Senior Debentures to Be Purchased by Its Subsidiary Alcatel-Lucent USA Inc.
Alcatel Lucent SA announced the final results of the offer to purchase, by its wholly owned subsidiary, Alcatel-Lucent USA Inc., its 2.875% Series B convertible senior debentures due in 2025 at the option of their holders. Alcatel-Lucent USA Inc. made the offer to purchase pursuant to the terms of the indenture governing the debentures. BNY Mellon, the trustee and paying agent for the tender offer, received USD 763,828,000 aggregate principal amount of debentures validly surrendered and not validly withdrawn. Alcatel-Lucent USA Inc. has accepted for purchase such debentures, representing approximately 99.8% of all outstanding debentures. Alcatel-Lucent USA Inc. has deposited the USD 763,828,000 aggregate purchase price for such debentures with the paying agent, in cash. The purchase price for the debentures is USD 1,000 per USD 1,000 principal amount of debentures, plus any accrued and unpaid interest up to, but not including, June 15, 2013, the interest payment date under the indenture governing the debentures. Full Article
Alcatel Lucent SA and Avelacom 100G Network from Moscow to London
Alcatel Lucent SA announced that it will be involved in plans to expand existing Avelacom’s 100G optical backbone network from Moscow to London. The 100G coherent transport network, which is based on Alcatel-Lucent’s Agile Optical Networking technology, will support speeds of 100 gigabit per second (100G). Financial terms were not disclosed. Full Article
Alcatel Lucent SA Supplies Equipment to Regional Telecom for Iraq's First 4G LTE Network
Alcatel Lucent SA announced that it provided Regional Telecom with its end-to-end 4G LTE solution, including base stations, IP mobile backhaul for 4G LTE and existing 3G CDMA traffic, Evolved Packet Core (EPC) and elements of its platforms, which will allow Regional Telecom to introduce IP-based services. Regional Telecom under the Fastlink brand is the first to offer large-scale wireless broadband services in Iraq. The financial terms of the deal were not disclosed. Full Article
Salora International Ltd to Distribute Alcatel Lucent SA's Smartphones in India-Cogencis MoneyWire
Cogencis MoneyWire reported that Salora International Ltd will distribute Alcatel Lucent SA's smartphones for traditional trade in north and east India, while these phones will be distributed throughout the country for modern and online trade. Following the agreement, the Company's smartphones will be available at all major retail outlets. New Delhi-headquartered Salora International Ltd operates in the consumer electronics space and caters to both business-to-business and retail space. Full Article
Alcatel Lucent SA Deploys 100G Fiber Optic Networks in Argentina
Alcatel Lucent SA announced that it is providing services to Argentinean state-owned telecommunications provider, ARSAT relating to the deployment of a nationwide 100 gigabit per second (100G) fiber optic network that will enable high capacity data communications over two routes – one between the capital, Buenos Aires in the east and Mendoza in the west, and a second connecting Río Gallegos and Ushuaia in the south, crossing the Magellan Strait. Under the contract, valued at approximately USD 7.3 million, Alcatel Lucent SA will provide its project management services as well as training and technical assistance for five years. Full Article
Alcatel Lucent SA to be Network Vendor for Verizon Wireless
Alcatel Lucent SA announced that it will be one of the network vendors working with Verizon wireless on the deployment of small cells into its 4G LTE network during the second half of 2013. Financial terms were not disclosed. Full Article
Alcatel Lucent SA's LGS Innovations Awarded USD 2.9 Million BPA to Upgrade USGS WLAN
Alcatel Lucent SA's LGS Innovations announced that it has been selected for a multiple-award blanket purchase agreement (BPA) by the United States Geological Survey (USGS) to expand and improve its wireless local area network (WLAN) infrastructure. The BPA was awarded under the GSA Schedule 70 vehicle and has a maximum value of USD 2.9 million over three years. Under the terms of the BPA, and when selected for individual project awards, LGS will provide program support for the expansion and improvement of the USGS' WLAN infrastructure including hardware, software, design services, installation, maintenance, repair, and warranty support at any of the USGS' approximately 200 sites. Full Article
Alcatel Lucent SA's Submarine Technology to Be Used in Submarine Cable Connecting Tunisia to Europe
Alcatel Lucent SA announced that its submarine technology will be used in the Didon submarine cable, connecting Kelibia in Tunisia to Interoute’s pan-European fiber-optic network. Financial terms were not disclosed. Full Article
Alcatel Lucent SA Wins Contract to Build Undersea Cable System
Alcatel Lucent SA announced that it has signed a turn-key contract with a consortium composed of Vodafone Group Plc, Dialog Axiata PLC, Emirates Telecommunication Corp Ltd, Reliance Jio Infocomm, Omantel and Telekom Malaysia Berhad, to deploy a new 100 Gigabit-per-second (100G) submarine cable system to connect Oman, the United Arab Emirates, India, Sri Lanka and Malaysia. Financial terms of the contract were not disclosed. Full Article
New CEO begins Alcatel makeover
PARIS - Telecom equipment maker Alcatel-Lucent plans to focus on networking products and high-speed broadband and will slim down with a billion euros in cost cuts by 2015 in a bid to reverse years of losses.
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