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Fixed

France wants to see Orange buy Alcatel cable assets - report

Thursday 20 December 2012 | 08:10 CET | News
The French government is proposing that France Telecom-Orange acquire Alcatel-Lucent's cable assets, people familiar with the matter told Les Echos. The plan would allow the over 27 percent state-owned operator's subsidiary France Telecom Marine to secure at least part of the strategic undersea infrastructure and gain control over cables entering France. Under the proposal, France Telecom's cable-laying division could purchase Alcatel's ships. The transaction would raise between EUR 100 million and EUR 150 million, not enough to solve the financial issues of Alcatel-Lucent, which is burning

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Categories: Fixed
Companies: Alcatel-Lucent USA/FR / France Telecom / France Telecom Marine / Orange
Countries: France / World
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