Alcatel-Lucent SA appointed Roberto Loiola to lead its Italian unit, hiring the executive who worked at competitor Huawei Technologies Co. to help boost sales of network equipment to European phone companies.
Nokia Siemens Networks is selling 600 million euros ($779 million) of bonds and published a detailed list of assets and liabilities, as Nokia Oyj and Siemens AG seek to make the venture more independent.
Nokia Siemens Networks, the phone- equipment venture of Nokia Oyj and Siemens AG, agreed to sell its optical networks business to Marlin Equity Partners as part of its plan to reduce costs and focus on mobile broadband.
Nokia Siemens Networks, the telecommunications equipment joint venture of Nokia Oyj and Siemens AG, plans to cut as many as 1,500 positions from assets acquired from Motorola Solutions Inc., a spokesman said.
Nokia Siemens Networks, the phone- equipment venture of Nokia Oyj and Siemens AG, may sell as much as 750 million euros ($1 billion) of bonds to bolster its finances, according to a person familiar with the plans.
Nokia Siemens Networks, the network- equipment joint venture between Nokia Oyj and Siemens AG , delayed the closing of its $1.2 billion purchase of assets from Motorola Solutions Inc. for a second time within three months.
Nokia Siemens Networks, trying to sustain nascent sales growth in the cut-throat phone-equipment industry, is targeting the U.S. market where Chinese rivals face political hurdles and rising data use entices carriers to spend.