Alcatel-Lucent (ALU) is reportedly considering using its fast-growing Internet-routing business...

|By:, SA News Editor

Alcatel-Lucent (ALU) is reportedly considering using its fast-growing Internet-routing business and/or its massive patent portfolio as collateral for up to €1B of loans. The money will give the company time to implement €1.25B of cost cuts as it looks to turn around its fortunes. Other options ALU is exploring include asset sales and issuing new stock.