Skip navigation

LATEST TECHNOLOGY VIDEO


Current DateTime: 01:18:18 05 Dec 2008
LinksList Documentid: 19836971
Expiration DateTime: 12/5/2008 1:21:11 AM
    • Asia's IT Spending Will Remain Robust 

        IDC has lowered its Asia ex-Japan IT spending forecast to 5.8% from 9.5%. Despite that, the region remains a bright spot. Cort Isernhagen, VP for industry insights, Asia Pacific at IDC shares his findings with CNBC's Lisa Oake.

    • Hot Gadgets Under $50 

        David Pogue, of the NY Times, spotlights five hot gadgets under $50.

    • UK Consumers Seek Discounts 

        UK discount site Myvouchercodes.co.uk is prospering despite the economic downturn. "We provide free discounts for the consumers…The credit crunch just drove traffic through the roof," site owner Mark Pearson said when discussing the UK retail sector.

    • 3-D Movies & the Recession 

        While Wall Street is cutting back, the movie industry is trying to push a pricey new technology - digital 3-D - to a tipping point, reports CNBC's Julia Boorstin.

    • Yahoo's Next Step 

        The ongoing saga of Yahoo's survival continues, and billionaire investor Carl Icahn discusses what the tech giant's next step should be.

Reuters | 17 Jun 2008 | 03:54 AM ET
Text Size

French telecoms equipment maker Alcatel-Lucent said it had signed a $1 billion agreement with China Mobile to provide mobile communication equipment and services.

AP

"The strategic frame agreement with China Mobile reinforces Alcatel-Lucent's position as a trusted partner, as China Mobile relies upon our network solutions and services to meet their growing demand for mobile and now fixed services and in advancing China's telecommunication industry," Alcatel Shanghai Bell president Olivia Qiu said in a statement.

Alcatel-Lucent shares were up 1.97 percent at 4.41 euros in early morning trade, making the stock the top gainer on France's benchmark CAC-40 index.

Alcatel-Lucent shares have had a rough ride since the creation of the company in 2006 when French group Alcatel bought U.S. company Lucent.

Alcatel-Lucent was forced to write down 2.94 billion euros ($4.52 billion) against the carrying value of assets acquired in the merger.

The stock fell 55 percent last year and has fallen around 10 percent since the start of 2008.

Copyright 2008 Reuters. Click for restrictions.

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC MOBILE  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis