Alcatel Lucent strikes deals in U.S. and China
After facing difficult periods of readjustment following the merger with Lucent, Alcatel has announced the new contracts signed with important companies in the U.S. and China and the €25 million revenues in comparison with last year’s €182 million loss.
Despite voices saying these earnings are owed to tax benefits created by the economic crisis, Ben Verwaayen, the Alcatel Lucent chief executive, states that the deals worth of $5.7 billion will definitely trigger the company’s development in the following years: “I think this is a significant turning point in the transformation of the company. We are experiencing good demand for our products,” reports The New York Times.
Alcatel Lucent signed deals with Verizon Wireless, the largest mobile telecommunications network in the U.S. for the production of high-speed wireless networks, capable of transferring data at higher speeds than existing systems thus using a Long Term Evolution technology. This partnership is expected to bring sales of up to $4 billion in the next four years.
Alcatel has also made some acquisitions this year, including OpenPlug, building out its software capabilities and retaining a specialized foothold in the mobile market.
China Mobile, China Telecom and China Unicom will also sign deals with Alcatel Lucent, the figures of the agreement going up to €1.18 billion. It’s a major step towards global growth, and gives access to a large expanse for build outs. The battle of China and the US is going on in th PC world, with Dell ovrtaking HP in sales.
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
