Business Plan To Save Alcatel

Business Plan To Save Alcatel

Six weeks after taking over at Alcatel-Lucent the new CEO has a plan to revive the ailing telecoms company. “We need to generate cash,” says former Vodafone exec Michael Coombes (pictured).

The company has lost an average of $934 million every year since the disastrous takeover of Lucent in 2006.

The obvious thing to do would be to reduce headcount but French President Francois Hollande has ruled that out.

Huawei and ZTE have been eating Alcatel’s lunch but security concerns over Chinese telecoms equipment may stall their progress.

Coombes will announce his plan, and a new management team to execute it, next Wednesday.

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