Seeking Alpha

Alcatel reportedly in talks to sell enterprise ops to Siemens JV, others

  • Three sources tell Bloomberg Alcatel-Lucent (ALU) is in talks to sell its struggling enterprise hardware/software unit to a group of potential buyers that includes Unify GmbH, a JV between Siemens (SI) and P-E firm Gores Group that provides unified communications products for businesses.
  • The would-be buyers are said to be preparing second-round bids ahead of a possible March decision. One source thinks the Alcatel unit, which had 2012 sales of ~$1B, could sell for €250M ($343M).
  • Reuters reported in November Alcatel, which has promised to shed €1B worth of assets by 2015, is thinking of selling the business. Last month, the company sold its LGS Innovations unit (provides networking hardware/software for U.S. federal agencies), for up to $200M.
Comments (1)
  • Sam Johnston1
    , contributor
    Comments (524) | Send Message
    Now if we can just get "the Street" "FRAUDSTEIN" and "Doosch Bank" to stop trying to manipulate the PPS we'll be good.
    13 Jan 2014, 07:32 PM Reply Like
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