Thursday, July 31, 2014

Alcatel-Lucent Ponders IPO for Submarine Networks Business

Alcatel-Lucent is  exploring a potential IPO for its Alcatel-Lucent Submarine Networks (ASN) business.  The move could help finance an expansion of its telecom submarine systems and its diversification into the Oil & Gas market.  Alcatel-Lucent plans tp retain the majority of the ownership. Subject to market
conditions, this capital opening is targeted to take place in the first half of 2015.