Alcatel-Lucent: "No intention" of selling mobile unit

12/2/2008 | Reuters

With speculation on its plans rampant, Alcatel-Lucent said it had "no intention" of selling its mobile operations, as a company spokesman pointed to CEO Ben Verwaayen's recent comment that Alcatel must take a leading role in the transition to next-generation Long Term Evolution technology. Analysts have mused about Alcatel's next moves ahead of the equipment maker's planned Dec. 12 disclosure of its plans for reversing losses that have coincided with the fading of its core telecom market.

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