Alcatel-Lucent chief dismisses Nokia rumors

SHARE Alcatel-Lucent chief dismisses Nokia rumors

Alcatel-Lucent’s chief executive on Friday tried to quash rumors the telecom gear maker might be ready to pair up with Nokia.

CEO Michel Combes told the newspaper Le Figaro that Alcatel-Lucent is focused on its cost saving and repositioning plan and not on industry consolidation, Reuters writes.

“There’s no question of consolidation. There have already been phases of consolidation among telecoms equipment makers, just as there have been phases of organic growth,” Combes said in the interview.

The company last year adopted a plan that includes shedding about 10,000 jobs worldwide and focusing on fewer products.

Alcatel announced a reduced first-quarter net loss earlier Friday as it cut costs and trimmed unprofitable contracts.

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