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General

Alcatel review on track, CEO tells shareholders

Sunday 12 May 2013 | 12:30 CET | News
Alcatel-Lucent CEO Michel Combes told shareholders at last week's AGM that the company's review was on track and that it will disengage from unprofitable contracts and geographies where it cannot gain critical mass as it strives to turn around its finances, AFP reports. "We must act quickly because we consume too much cash every day", "We need a strategic vision, but especially a precise and credible action plan, which I am evaluating and will submit to the supervisory council at the start of the summer", he stated.

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