Saturday, 25 April 2015

Alcatel-Lucent and Nokia to operate separately on software driven products

Alcatel-Lucent, a French telecom equipment maker  which has been recently taken over by Finnish Nokia, said that both the entities will be operate their business separately and competing on software driven products.
According to Tim Krause, CMO of Alcatel-Lucent said, the company will continue its focus on IP optics, software and fixed-line business in India and they will not have any reliance on other players in software driven products segment.Therefore, both company will operate seperately in this segment. 
Nokia has recently acquired Alcatel-Lucent for 15.6 bl euro. The deal is scheduled to be finalised in the first half of 2016 and is expected to result in 900 million euros, or about `6,070 crore’, of operating cost savings by 2019 end. 
Krause added that the company will continue with its diversification strategy into non-telecom areas and expects its non-telecom business will reach at 10% of its overall revenue globally. It also expects similar growth for the Indian market. 


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