Alcatel closes sale of Enterprise business to China Huaxin

Wednesday 1 October 2014 | 08:40 CET | News
Alcatel-Lucent has closed the sale of Alcatel-Lucent Enterprise to industrial investment company China Huaxin Post & Telecommunication Economy Development Centre for EUR 202 million in cash. As previously announced, Alcatel-Lucent will keep 15 percent of the Enterprise business and will maintain a commercial relationship with it to support its growth under new ownership. The divestment is part of Alcatel-Lucent's Shift Plan, launched in June last year, to refocus as a specialist in IP, cloud and ultra-broadband access, while raising at least EUR 1 billion through asset sales by the end of

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Categories: Fixed
Companies: Alcatel-Lucent USA/FR
Countries: World
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