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.
The announcement from Canberra came on a lazy Sunday afternoon when most of Australia’s movers and shakers were away from their desks – all except Prime Minister Kevin Rudd and Telstra Chairwoman Catherine Livingstone, who emerged from Parliament House to announce that they had finally struck a deal for Telstra to sell its fixed-line assets to the National Broadband Network Company (NBN Co.).
Australian incumbent Telstra will be a major participant in the national broadband network roll out after all. Over the weekend the carrier struck a deal worth approximately A$11bn with the Australian Government, almost cementing its involvement in the wade reaching project.
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.
I’ve been in Munich for the last couple of days, listening to Nokia Siemens Networks executives tell us industry analysts all about the new company strategy. Bearing in mind who the parents of this joint venture are, old skool bastions of Northern European communications engineering, renowned for delivering solid products with solid performance, the company at first seemed to have gone all soft and fluffy.
The Australian government has solved its differences with the country’s operators, which were vying to build out a national broadband network, by proposing to undertake the A$43bn task itself.