Alcatel-Lucent (ALU +8.1%) is up sharply today. Possibly helping its cause is a deal to supply...
Wednesday, October 17, 2012, 1:48 PM ETAlcatel-Lucent (ALU +8.1%) is up sharply today. Possibly helping its cause is a deal to supply 3K base stations for China Mobile's (CHL) TD-LTE 4G trials. Though Alcatel is just one of 7 suppliers for the trial - Ericsson and Nokia Siemens are among the others - Alcatel claims it will provide "the largest share of base stations." China Mobile's commercial 4G rollout, whose timetable depends on regulators, is guaranteed to be huge.
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