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Alcatel-Lucent net loss widens in 1stQ

Alcatel-Lucent net loss widens in 1stQ

Alcatel-Lucent said its net loss widened to 402 million euros in the first quarter from a 181 million euro loss a year earlier as sales of both wireless and wireline communications gear continued to fall in all the company's major markets around the world.
Paris-based Alcatel-Lucent, the world's third-largest supplier of wireless and fixed-line networking gear for telecom operators and enterprises, blamed tough market conditions and continued restructuring for the loss, its ninth consecutive quarterly loss since Alcatel-Lucent was created in 2006.
In a statement the company said it still expects the global market for telecommunications equipment and services to contract between 8 and 12 percent this year compared to 2008.


Updated : 2020-12-06 07:27 GMT+08:00