Joint venture infrastructure firm Alcatel-Lucent said Friday that net loss for the third quarter of 2009 widened to €182m, compared to a loss of €40m in the same period in 2008.

James Middleton

October 30, 2009

1 Min Read
Alcatel-Lucent loss widens in third quarter
Alcatel-Lucent loss widens in third quarter

Joint venture infrastructure firm Alcatel-Lucent said Friday that net loss for the third quarter of 2009 widened to €182m, compared to a loss of €40m in the same period in 2008.

Revenues also fell from just over €4bn in the third quarter of 2008 to €3.7bn in the same period 2009, driven by a shortfall in carrier infrastructure sales, particularly 2G wireless access.

For the third quarter 2009, revenues for the Carrier segment were €2.23bn, a decrease of 14.6 per cent compared to €2.6bn in the year-ago quarter and a decrease of 6.4 per cent compared to €2.4bn in the second quarter 2009.

Wireless 3G growth was offset by a strong 2G decline, optics were impacted by a decline in terrestrial, while submarine networks enjoyed another quarter of strong growth. IP routing revenues were up and fixed NGN and IMS reported strong growth, albeit off a low base.

Chief executive, Ben Verwaayen, said: “We have achieved significant operational progress. We are rapidly reshaping our cost and expense structure, having achieved 80 per cent of our €750m target in annualized savings year to date. Against what remains a challenging market environment, we reiterate our view that our addressable market should be down between 8 per cent and 12 per cent at constant currency and that we will achieve an adjusted operating income around breakeven this year.”

About the Author(s)

James Middleton

James Middleton is managing editor of telecoms.com | Follow him @telecomsjames

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