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In October 2011, Alcatel-Lucent sold its Genesys call-centre services business unit to Permira, a private equity group, for $1.5 billion—the same amount that Lucent had paid for the business in 2000. Alcatel-Lucent needed funding for the Franco-American business, which made annual losses from 2007 to 2011. [17]
On April 2, 2006, Lucent announced a merger agreement with Alcatel, which was 1.5 times the size of Lucent. [3] Serge Tchuruk became non-executive chairman, and Russo served as CEO of the newly merged company, Alcatel-Lucent, until they were both forced to resign at the end of 2008. The merger failed to produce the expected synergies, and there ...
Lucent subsequently spun off units of its own in an attempt to restructure its struggling operations. [8] Avaya Inc. was spun off from Lucent as its own company in 2000 (Lucent merged with Alcatel SA in 2006, becoming Alcatel-Lucent, which was purchased in turn by Nokia in 2016). Avaya Inc. were listed on the NYSE using the symbol AV from 2000 ...
Alcatel-Lucent (NYS: ALU) carries $7.9 billion of goodwill and other intangibles on its balance sheet. ... Investors punished the stock along the way, sending it down to $27.04 -- or nearly a 60% ...
Telecom equipment manufacturer Alcatel-Lucent has had an enviable performance in 2013, with the stock more than tripling as a long-awaited rebound in business conditions finally appears to be ...
Alcatel-Lucent delivered its first quarterly profit in two years earlier this month, and soared considerably higher. Yet, with revenue growth being non-existent, does a return to profit make ...
Alcatel-Lucent retained a 15% stake. [5] ALE International continued to use the Alcatel-Lucent brand name, now licensed from Nokia, which purchased Alcatel-Lucent in 2015. [6] [7] In 2016, Alcatel-Lucent was merged into Nokia Networks, while Alcatel-Lucent Enterprise continued as a separate company. [8] [9]
Alcatel-Lucent is down around 4% today thanks a downgrade from UBS. The downgrade was driven by a number of factors, including: Soft-fix wireline spending in Europe, slowing growth in China, and ...