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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 ...
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]
It's certainly not a news flash that 2012 -- at least through its first three quarters -- has not been good for U.S.-French telecommunications equipment maker Alcatel-Lucent . Discouraging enough ...
Paris-based telecom equipment builder Alcatel-Lucent reported third-quarter sales of $5.1 billion and an adjusted net loss of $0.08 per American depositary share earlier today. That's 7% year-over ...
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 ...
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In September, Nokia considered acquiring Alcatel-Lucent's wireless division as part of its strategic restructuring, in light of the acquisition of its devices and services unit by Microsoft . By ...