Alcatel-Lucent to raise up to $1.4B in bond sale

Alcatel-Lucent said it plans to raise as much as $1.4 billion by issuing convertible bonds, which will help finance its debt. The company, which reported a quarterly profit (mainly on asset sales) in the second quarter for the first time since the company was formed in 2006,  is in the middle of a restructuring plan. The move has been viewed by some as a positive step, since it will put the firm in a better financial position. Alcatel-Lucent has around $5.69 billion in long-term debt. Article

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceWireless!

The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.