Alcatel-Lucent losses mount in first quarter

Struggling French telecommunications equipment maker Alcatel-Lucent on Friday posted a wider than expected loss for the first quarter as sales nearly stalled and restructuring costs continued to mount.

The Paris-based supplier to operators such as AT&T, Verizon and Orange says it lost 353 million euros (HK$3.57 billion) in the January-March period, compared to a 259 million euros (HK$2.62 billion) gain a year earlier. Sales were nearly flat at 3.23 billion euros (HK$32.68 billion).

via Business feed http://www.scmp.com/business/companies/article/1223733/alcatel-lucent-losses-mount-first-quarter