Restructuring costs push Alcatel into loss

Written By Unknown on Jumat, 02 November 2012 | 17.52

RESTRUCTURING costs and lower sales have pushed telecoms equipment maker Alcatel-Lucent into a third-quarter loss.

The company said on Friday it lost 146 million euros ($A181.55 million) in the July-September quarter.

That's down from 194 million euros profit in the same quarter a year earlier. Sales also slid 2.8 per cent to 3.6 billion euros.

Alcatel-Lucent supplies telecommunication carriers such as AT&T, Verizon and France Telecom.

It competes with European rivals such as LM Ericsson AB of Sweden and Nokia Siemens Networks of Finland.

But it has struggled to turn a profit since the 2006 merger of France's Alcatel and Lucent of the United States.

Rounds of cost-cutting helped it make 2011 its first full-year profit since the tie-up.


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