4G5GWorld has a new home now. Visit TelecomGrid for new stories and blogs!
Alca-Lu posts profit, points to LTE momentum
Posted on 02. Aug, 2009 by LteWorld
in News, LTE
August 2, 2009 | FierceBroadbandWireless - Alcatel-Lucent is finally making the financial analyst community a bit happier, posting a profit for the first time since the combined company made its debut in 2006. And company CEO Ben Verwaayen is pointing to Long Term Evolution (LTE) technology as the fuel for the company's recovery long term.
As news of the company's $19.6 million net profit for the quarter came out, Alcatel-Lucent shares rose more than 9 percent. The company attributed these gains to the sale of satellite business and its stake in French defense contractor Thales SA. Alcatel-Lucent is now examining what other non-core assets it can sell.
TelecomGrid
- Nokia and Anterix Showcase 3GPP B106 Data Call
- Machine Learning for Mobile Network Service Degradation
- Telecom Weekly Roundup: Net Neutrality Wins, 6G Research Heats Up, and Broadband Expansion Takes Center Stage
- Korean Air Showcases a Comprehensive UAM Operations Demonstration with 5G
- FCC Reinstates Net Neutrality Protections in Landmark Decision
- Cradlepoint 5G-Optimised NetCloud SASE Secures Agile Enterprises
- Comcast Launches NOW – a New Brand for Low-Cost Internet, Mobile and TV
- US Broadband Buzz: FCC Announces Funding Boost, Race to 5G Heats Up
