Huawei, Ciena and Alcatel-Lucent benefited from a 4 percent year-over-year rise in WDM equipment spending during the third quarter, reports Infonetics in its quarterly optical network hardware report.
Nokia is not considering a deal between the company's Nokia Solutions and Networks (NSN) unit and rival Alcatel-Lucent after gauging the possibilities for a transaction, according to a Wall Street Journal report.
Alcatel-Lucent is once again looking for another suitor to purchase its enterprise division as part of a broader goal to cut $1.34 billion in assets, reports Reuters, citing a number of unnamed sources.
Huawei said it will invest at least $600 million (€444 million) in research for so-called "5G" technology over the next four years, as the Chinese vendor outlined a growth strategy based on R&D strength and a strong consumer business rather than on acquisitions.
Alcatel-Lucent has hatched a plan to raise $1.3 billion from its shareholders and $750 million from a high-yield bond that company CEO Michel Combes says will reduce debt and save the company, reports Reuters.
Alcatel-Lucent said it is seeking to raise around $2.7 billion in fresh capital via a combination of new shares and debt, as the equipment vendor takes advantage of a rising stock price and optimism that it will be able to reverse its business situation.
Alcatel-Lucent's IP routing division continues to be the shining star in the company's portfolio, rising 7 percent year-over-year to $789.2 million.
When it comes to packet optical transport systems, a new Infonetics report says that service providers favor four vendors: Ciena, Alcatel-Lucent, Cisco and Huawei.
Alcatel-Lucent reported a narrower loss for the third quarter amid rising revenue. The results indicate that the vendor's massive new cost-cutting plan is starting to take hold as it tries to nurse itself back to health as a smaller company.
Sprint announced it will brand its forthcoming tri-mode LTE service as "Sprint Spark," and said it will bring the service to the top 100 U.S. markets during the next three years with speeds capable of reaching 50-60 Mbps and perhaps faster.