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ExclusiveAlcatel-Lucent plans to sell its Enterprise business

Telecoms company Alcatel-Lucent says it’s talking to technology investment business China Huaxin about the sale of its Alcatel-Lucent Enterprise division.

The deal values Alcatel-Lucent Enterprise at €268 million (£223 million) on a cash-free, debt-free enterprise value basis.

Exclusive10,000 jobs to be cut at Alcatel-Lucent

Communications infrastructure business Alcatel-Lucent has revealed plans to cut around 10,000 jobs by the end of 2015. It’s part of a company-wide commitment to save €1 billion in the same period.

These actions, which form part of ‘The Shift Plan’ announced in June by new CEO Michel Combes, are designed to reposition Alcatel-Lucent as a ‘next generation’ technology specialist and return it to profit.

ExclusiveMobile coverage goes live in the Channel Tunnel

Mobile phone coverage in the Channel Tunnel is now available for Eurostar and Le Shuttle customers travelling between France and England. Coverage in the opposite direction - from England to France - is due to be launched by UK network operators later this year.

The northbound service has been introduced by Eurotunnel and French mobile network operators Bouygues Telecom, Orange and SFR. It uses a GSM-P optical fibre system for 2G and 3G connectivity with equipment developed by Alcatel-Lucent.

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