Friday, October 3, 2014

Alcatel-Lucent Enterprise enters new era following acquisition by China Huaxin

PARIS, FRANCE: Alcatel-Lucent announced that it has successfully closed a transaction withChina Huaxin Post & Telecommunication Economy Development Center (China Huaxin) for the divestment of its Enterprise division. Cash proceeds to Alcatel-Lucent areEur 202 million.

Following the divestment, Alcatel-Lucent will maintain a minority stake in a newly-formed holding company, to be incorporated inFrance. Alcatel-Lucent Enterprise will also continue to work with Alcatel-Lucent on a privileged business relationship basis.

The transaction will now enable Alcatel-Lucent Enterprise to benefit from a strong and recognized investor, providing the means and resources necessary to strengthen its ambition including leadership positions in enterprise communications while accelerating investment in new areas of net growth.

Alcatel-Lucent Enterprise will continue to invest and innovate in the core markets where it is already recognized as an undisputed leader, namely enterprise communications and networking – while exploring new market opportunities in select, high-growth countries, vertical solutions and cloud services.

At the same time, the business will work to define new opportunities aimed at growing the company into a leading player in next-generation enterprise communications, enabling an innovative shift from a pure technology-centric to outcome-based delivery model, capable of delivering measurable benefits from both an economical and human perspective for its partners and customers.

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