Alcatel-Lucent Begins 550 Million-Euro Sale of Convertible Bonds

Alcatel-Lucent Begins 550 Million-Euro Sale of Convertible Bonds

Chris Ratcliffe/Bloomberg

The company, which has 72,000 employees worldwide, outlined a three-year plan a week ago to sell more than 1 billion euros of assets and reduce spending to return to profit after seven years of restructuring and two changes in its chief executive officer failed to revive earnings.