PARIS, France, October 29, 2014/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) (http://www.alcatel-lucent.com) announced today 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 Eur 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 Euro 1 billion and generating at least Euro 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 allsizes, serving more than 500,000 customers worldwide.

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

Distributed by APO (African Press Organization) on behalf of Alcatel-Lucent.

ALCATEL-LUCENT PRESS CONTACTS
SIMON POULTER
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VALERIE LA GAMBA
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T : + 33 (0)1 55 14 15 91

ALCATEL-LUCENT INVESTOR RELATIONS
MARISA BALDO
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T : +33 (0)1 55 14 11 20

JACQUES-OLIVIER VALLET
jacques-olivier.vallet@alcatel-lucent.com
T : +33 (0)1 55 14 12 49

TOM BEVILACQUA
thomas.bevilacqua@alcatel-lucent.com
T : + 1 908-582-7998


SOURCE
Alcatel-Lucent