Alca-Lu looks to China, India for growth

Alcatel-Lucent is fixing its attention on the Chinese and Indian markets during its drive to restore profitability, according to the company's new CEO.

The countries offer great opportunities from both a market and resource perspective, CEO Ben Verwaayen told Bloomberg.

Verwaayen declined to give any details of the company's plans for these markets, but re-iterated that he will consider selling its stake in defence manufacturer Thales SA for the right price. The company's stake is worth around 1.3 billion Euros [$1.6 billion].

According to Verwaayen, the company is in a strong cash position, and is instead focusing on the profitability of the businesss.

 

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