A downgrade to Underweight from HSBC leads Alcatel-Lucent (ALU -5%) to close with decent losses....

|By:, SA News Editor

A downgrade to Underweight from HSBC leads Alcatel-Lucent (ALU -5%) to close with decent losses. The downgrade comes on a day when ALU and China Mobile (CHL) jointly announced a new lightRadio small cell base station CHL plans to use within its TD-LTE 4G network. ALU is already a major supplier for CHL's multi-city 4G trial network.