Sources: Alcatel to offer undersea-cable business to investors

01/15/2013 | Bloomberg

Alcatel-Lucent plans to put its submarine-cable business on the block, Bloomberg reports, citing people familiar with the matter. FSI, PAI Partners and Permira Advisers may bid for the unit, the sources said, and France Telecom has expressed interest as well. The undersea-cable business could be worth $1.1 billion, according to Kepler Capital Markets.

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