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Wholesale/transport services

For Sail: Alcatel-Lucent's Subsea Business

12:00 PM -- Everyone knows Alcatel-Lucent is looking to sell some assets to raise cash and lighten its load and it seems the vendor's submarine cable-laying fleet of ships might soon be heading to a new owner. (See Alcatel-Lucent Sharpens Its Focus.)

MarketWatch reports that France Télécom – Orange may be interested, with a price tag of up to €150 million (US$198 million) cited.

That particular part of the AlcaLu business is currently in the care of CFO Paul Tufano, who also has the Enterprise and Strategic Industries (which focuses on verticals such as defense, utilities) units in his charge. It seems likely these are high on the "for sale" list (especially as the enterprise unit has been on the block before).

In the meantime, Alcatel-Lucent's new credit facility has calmed some investor nerves: The vendor's share price is up by 16.5 percent on the New York Stock Exchange compared with a week ago, although it is still only at $1.40.

Light Reading

Pete Baldwin 1/5/2013 | 2:03:37 AM
re: For Sail: Alcatel-Lucent's Subsea Business

Quoting @brian_riggs on Twitter, who had the same reaction as me: "ALU owns ships?"

digits 1/5/2013 | 2:03:36 AM
re: For Sail: Alcatel-Lucent's Subsea Business

Maybe it's all part of the trend away from transport owneship.... when Ben Verwaayen took over as CEO one of the first things he did was cancel the private jets.


Next up - ALU staff to cycle to work...


 


Seriously, though, Alcatel has ships while Global Marine, a partner of Huawei, has quite a few. See


Huawei Goes Underwater


http://www.lightreading.com/do...

Barry_Gray 1/5/2013 | 2:03:34 AM
re: For Sail: Alcatel-Lucent's Subsea Business

ALU may be able to make a sale this time.  The submarine cable business is one of the few profitable areas left from before Alcatel's merger with Lucent.  Of course, selling off the parts that make money because those are the only things that others will actually buy is the path to oblivion that we have seen many telecom companies take over the years.

biaerthal 1/5/2013 | 2:03:29 AM
re: For Sail: Alcatel-Lucent's Subsea Business

  Yes of couse they do.  It was an ALU ship that recovered the black boxes from the Air Fance Airbus crash.

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