China Huaxin closes acquisition of Alcatel-Lucent Enterprise

Sale of Enterprise division forms part of Alcatel-Lucent’s commitment within The Shift Plan to generate at least €1 billion through selective asset sales

China Huaxin closes acquisition of Alcatel-Lucent Enterprise

Alcatel-Lucent announced today (2 October 2014) that it has closed the sale of its subsidiary Alcatel-Lucent Enterprise to China Huaxin Post & Telecommunication Economy Development Center. Cash proceeds to Alcatel-Lucent are €202 million.

As previously announced, Alcatel-Lucent will retain a 15% minority stake in the divested business, as well as maintaining a commercial relationship with it in support of its growth ambitions under new ownership.

The divestment of Alcatel-Lucent Enterprise forms part of Alcatel-Lucent’s commitments under The Shift Plan, launched in June 2013, to refocus itself as a specialist in IP, Cloud and Ultra-Broadband Access, while realigning its balance sheet, implementing cost savings of €1 billion and generating at least €1 billion through selective asset sales by the end of 2015.

Alcatel-Lucent Enterprise is a world leader in communications and networking solutions for businesses of all sizes, serving more than 500,000 customers worldwide.

China Huaxin Post & Telecommunication Economy Development Center is an industrial investment company that seeks long-term commercial growth opportunities in the Information and Communications Technologies sector.

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