Alcatel-Lucent Beats Estimates as Qualcomm to Buy Stake

Alcatel-Lucent Beats Estimates as Qualcomm to Buy Stake

Balint Porneczi/Bloomberg

Alcatel-Lucent and its European competitors are battling intense competition from Asian players such as Huawei, China’s largest network-gear maker, which has said it will hire more in Europe and is ready to outspend market leader Ericsson in research and development.