06-02-2015 11:17 via uk.news.yahoo.com

Alcatel-Lucent eyes turnaround target as costs fall

By Leila Abboud and Gwénaëlle Barzic PARIS (Reuters) - Telecom equipment maker Alcatel-Lucent pledged to lift profitability again this year through cost cuts after six straight quarters of gross margin improvements and also plans to list its undersea cables business in the second half. Chief Executive Michel Combes expressed confidence on Friday that the company would deliver on the central pledge of his turnaround plan which started in June 2013 by achieving positive free cash flow by the end
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