Alcatel Said to Near Sale of Call-Center Unit to Permira
Oct. 13 -- Alcatel-Lucent SA, the Franco- American manufacturer of networking gear, is close to a deal to sell its Genesys call-center software unit to Permira Advisers LLP, two people familiar with the process said.
An agreement may be announced next week, said one of the people, who declined to be identified because the negotiations are private. Alcatel-Lucent, based in Paris, in July began a review of "strategic options" for its enterprise communications division, of which Genesys is a part.
Chief Executive Officer Ben Verwaayen is selling assets as he concludes a three-year turnaround plan at Alcatel-Lucent, created with the 2006 merger of Alcatel SA and Lucent Technologies. Last year, Alcatel sold its vacuum technology unit after divesting a stake in the aerospace company Thales SA in 2009.
Verwaayen is focusing on selling networking gear to telecommunications operators like Vodafone Group Plc, an industry in which it competes with China’s Huawei Technologies Co. and Ericsson AB. Alcatel-Lucent hasn’t reported an annual profit since 2005.
News of Alcatel-Lucent and Permira nearing a deal to sell the Genesys unit was reported earlier by Reuters. Posted by Veronica Silva Cusi, news correspondent Source: http://www.businessweek.com
About Alcatel-Lucent: Alcatel-Lucent is a global telecommunications corporation, headquartered in Paris, France. It provides telecommunications solutions to service providers, enterprises and governments around the world, enabling these customers to deliver voice, data and video services. The company focuses on fixed, mobile, and converged broadband networking hardware, IP technologies, software, and services. It leverages the technical and scientific expertise of Bell Labs, one of the largest innovation and R&D houses in the communications industry. Alcatel-Lucent has operations in more than 130 countries.
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