Alcatel-Lucent has created a new business unit dedicated to making money out of the vendor's massive patents portfolio. The unit will be led by Craig Thompson, an experienced lawyer who is leaving his role as vice president of legal and intellectual property affairs at Nokia Corp. to take up his new challenge. The move forms part of AlcaLu's wider rejuvenation strategy, dubbed The Performance Program, which was announced in September. (See Alcatel-Lucent Sharpens Its Focus and Euronews: AlcaLu Needs to Shed 10,000 More.)
Tough economic conditions on its home soil were largely responsible for a 3 percent year-on-year drop in nine-month EBITDA (earnings before interest, tax, depreciation and amortization) at Telecom Italia, down to €8.86 billion (US$11.26 billion).
In strife-torn Greece, no-holds-barred cost-cutting saw incumbent OTE post a year-on-year 4 percent increase in third-quarter net income, despite revenues slumping by more than 10 percent to €1.17 billion ($1.48 billion). Personnel expenses were down a chunky 9.9 percent on the year-ago period.
The soaraway success of Safaricom Ltd.'s mobile money transfer service was key to the Kenyan operator's 113 percent leap in pre-tax profits to 11.5 billion shillings ($134.66 million), according to Reuters. Safaricom is 40 percent owned by U.K.-based Vodafone Group plc.
— Paul Rainford, Assistant Editor, Europe, Light Reading
Currently we allow the following HTML tags in comments:
Single tags
These tags can be used alone and don't need an ending tag.
<br> Defines a single line break
<hr> Defines a horizontal line
Matching tags
These require an ending tag - e.g. <i>italic text</i>
<a> Defines an anchor
<b> Defines bold text
<big> Defines big text
<blockquote> Defines a long quotation
<caption> Defines a table caption
<cite> Defines a citation
<code> Defines computer code text
<em> Defines emphasized text
<fieldset> Defines a border around elements in a form
<h1> This is heading 1
<h2> This is heading 2
<h3> This is heading 3
<h4> This is heading 4
<h5> This is heading 5
<h6> This is heading 6
<i> Defines italic text
<p> Defines a paragraph
<pre> Defines preformatted text
<q> Defines a short quotation
<samp> Defines sample computer code text
<small> Defines small text
<span> Defines a section in a document
<s> Defines strikethrough text
<strike> Defines strikethrough text
<strong> Defines strong text
<sub> Defines subscripted text
<sup> Defines superscripted text
<u> Defines underlined text
Network Computing encourages readers to engage
in spirited, healthy debate, including taking us to task.
However, Network Computing moderates all comments posted to our site,
and reserves the right to modify or remove any content that it determines to be derogatory,
offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing/SPAM.
Network Computing further reserves the right to disable the profile of any commenter participating
in said activities.
