Alcatel-Lucent refocuses to survive

Trying to reverse years of losses, Alcatel-Lucent has unveiled another survival plan.

The telecom firm said it will focus on specialised networking equipment for high-growth areas like Internet Protocol and high-speed broadband for fixed-lines and mobile phones.

New chief executive Michel Combes said the company will also slim down further with one billion euros in cost cuts by 2015.
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