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MAY 09, 2014 - Yahoo! News

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Alcatel focused on revamp, CEO says of Nokia tie-up talk

Alcatel Lucent is focused on its cost saving and repositioning plan and not on industry consolidation, its chief executive said in a newspaper interview after rumors this week of a tie-up with Finland's Nokia. \"There's no question of consolidation. There have already been phases of consolidation among telecoms equipment makers, just as there have been phases of organic growth,\" Michel Combes told Le Figaro in response to a question about the rumors which lifted Alcatel shares earlier this week.

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