Reuters: Technology News: Alcatel-Lucent revamp aims to cut 1 billion euros in costs: report

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Alcatel-Lucent revamp aims to cut 1 billion euros in costs: report Jun 18th 2013, 22:04 Tweet Share this Email Print Related News French and Benelux stocks-Factors to watch on June 18 2:39am EDT Analysis & Opinion Tech, prosperity and peace on West Bank The logo of communications provider Alcatel-Lucent is seen in Paris, October 31, 2007. Credit: Reuters/Benoit Tessier PARIS | Tue Jun 18, 2013 6:04pm EDT PARIS (Reuters) - Telecommunications gear maker Alcatel-Lucent aims to cut a billion euros in costs and focus on the IP router business and mobile broadband as part of a strategic revamp to be unveiled by its new chief executive on Wednesday, French daily Les Echos reported. The paper said without citing its sources that the impact on jobs would be minimal while the cost cuts would come from general and commercial expenses. It also said that Alcatel-Lucent would aim to divest 1 billion euros ($1.34 billion) of assets in the next three years, without saying which ones. Alcatel-Lucent's incoming CEO Michel Combes will present his plan for the company on Wednesday. Alcatel-Lucent declined to comment. ($1 = 0.7467 Euro) (Reporting by Leila Abboud and Elena Berton; editing by G Crosse) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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