Qualcomm will acquire a stake in French equipment maker Alcatel-Lucent and the vendor is looking to find other industry partners to take stakes in it as well.
Qualcomm’s investment will be small, according to Alcatel CEO Michel Combes, speaking in a…
Qualcomm will acquire a stake in French equipment maker Alcatel-Lucent and the vendor is looking to find other industry partners to take stakes in it as well.
Qualcomm’s investment will be small, according to Alcatel CEO Michel Combes, speaking in a conference call today.
He said that he wanted other “names of the industry” to take stakes in the company in the coming quarters. The investment of all those partners together could be above 5% in Alcatel, he suggested.
The move was driven by industrial logic, resources Qualcomm or other partners could add, and because investments would align the interests of the parties.
US chipmaker Qualcomm’s investment is part of a plan to jointly develop next-generation small cells technology.
The companies said that they plan to jointly invest in a strategic R&D programme.
According to its most recent quarterly figures, announced today, Alcatel generated revenues of €3.61bn in Q2, up 1.9% year-on-year and 3.7% at constant currency. Adjusted gross profit reached €1.51bn, with an operating income of €46m.
Michel Combes, who joined as CEO in April, recently announced a wide-ranging plan to reposition the company, including asset disposals, improving the debt profile, and making fixed-cost savings.
