& cplSiteName &

Euronews: AlcaLu Job Cuts on the Cards?

Paul Rainford
1/27/2012

Alcatel-Lucent (NYSE: ALU), Nokia Corp. (NYSE: NOK) and Nokia Networks are all in the mix for today's EMEA news bulletin.

  • Alcatel-Lucent is planning to cut up to 1,800 European jobs this year, according to an AFP report that cited French labor union leaders. According to the union, some of the staff may be redeployed elsewhere in the company or take on work previously carried out by subcontractors. AlcaLu has also announced the appointment of Michel Emelianoff as president, Enterprise, succeeding Tom Burns, who is leaving the vendor for personal reasons. Emelianoff, a one-time Siemens man, joined AlcaLu in 1998. (See AlcaLu Appoints New Enterprise President, Euronews: AlcaLu Rules Out NSN-Style Cuts, AlcaLu Could Restructure Even More and AlcaLu Chairman: We Back Ben!)

  • Nokia, fresh from its fourth-quarter financials, has sold its media advertising business to U.S. startup Matchbin, reports Reuters. In a separate move the company has also appointed its design head Marko Ahtisaari to executive vice president, Design, and made him a member of the Nokia Leadership Team. (See Nokia Appoints New Design EVP and Nokia Ends 2011 on a Low.)

  • Nokia Siemens Networks' rumored loan deal was confirmed during the Nokia earnings conference call on Thursday, though it is for €1.3 billion (US$1.7 billion), slightly higher than previously reported. A consortium of 14 European and U.S. banks is stumping up the cash, which is intended to help NSN with its current major restructuring. Half of the loan matures in June 2013 while the other half, a revolving credit facility, expires in June 2015. (See Euronews: NSN Linked to €1.2B Loan, NSN Could Lose More Than 17,000 Staff and NSN Gets $1.36B & New Leader.)

  • Orange France is claiming top spot in the French cloud market with, it says, more than 3,600 customers having chosen Orange Business Services ' cloud-based offerings, which include the Flexible Computing Express infrastructure-as-a-service and the Cloud Pro range. (See Orange Boasts Cloud Customers, Cloud Plans Need IT/Telco Unity, Orange Takes New Language Course and Orange Touts Cloud Wins.)

  • BT Group plc (NYSE: BT; London: BTA)'s access unit, Openreach , is looking for residents and/or landlords to come forward and volunteer for a U.K. fiber-to-the-premises (FTTP) pilot. Openreach is looking for around 1,000 buildings to take part in the pilot -- though of course they will need to fall within BT's existing fiber footprint. Those selected will initially have access to downlink speeds of up to 100 Mbit/s but these will rise to (up to) 300 Mbit/s in the spring, which BT claims will be the fastest commercially available residential connection in the U.K. (See Openreach Seeks FTTP Guinea Pigs, BT Launches 100Mbit/s FTTH Service and Euronews: BT Speeds Up FTTX Rollout.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Featured Video
    Upcoming Live Events
    October 22, 2019, Los Angeles, CA
    November 5, 2019, London, England
    November 7, 2019, London, UK
    November 14, 2019, Maritim Hotel, Berlin
    December 3-5, 2019, Vienna, Austria
    December 3, 2019, New York, New York
    March 16-18, 2020, Embassy Suites, Denver, Colorado
    May 18-20, 2020, Irving Convention Center, Dallas, TX
    All Upcoming Live Events
    Partner Perspectives - content from our sponsors
    Sports Venues: Where 5G Brings a Truly Immersive Experience
    By Peter Linder, 5G Evangelist, North America, Ericsson
    Multiband Microwave Provides High Capacity & High Reliability for 5G Transport
    By Don Frey, Principal Analyst, Transport & Routing, Ovum
    All Partner Perspectives