Janardan Menon, an analyst at Liberum Capital, wrote in a recent note that Alcatel-Lucent could achieve “significantly higher margins” through a sale of unprofitable business lines such as enterprise. The sources asked not to be named because the matter is not public. A Lazard spokesperson did not immediately respond to requests for comment.
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It ended up selling only the still-growing part of the division - call centre software unit Genesys - to private equity firm Permira for $1.5 billion (939 million pounds).Īt the time, potential buyers were put off by the corporate telephony part of the enterprise business, which was losing money and weighed down with too many workers in Europe.Ī spokesman for Alcatel-Lucent declined to comment on whether the enterprise business was on the block again. In 2011 it explored a sale of the entire enterprise business but found no takers. It marks the second time in three years that the telecom equipment maker has tried to sell the underperforming division. REUTERS/Stephane MaheĪlcatel-Lucent SA, which is in the midst of a turnaround and debt-reduction plan under Chief Executive Michel Combes, has brought in Lazard Ltd to help find a buyer for its enterprise business, the sources said this week. The logo of the telecom equipment maker Alcatel-Lucent is seen on the company site building in Rennes, western France, October 15, 2013.
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