China will become the world's largest 4G market and the country is a model the rest of the world should follow when it comes to telecommunications, Michel Combes, CEO of telecom equipment maker Alcatel-Lucent , said on Friday.
In an exclusive interview with Xinhua, Combes said that "China has seen exponential growth in 4G and such growth is fascinating."
Alcatel-Lucent is in talks to sell its enterprise business to potential buyers including Unify GmbH & Co. KG, a Gores Group LLC and Siemens AG (SIE) venture, according to three people familiar with the matter.
Buyers are said to be preparing second-round bids ahead of a possible March decision.
One source thinks the Alcatel unit, which had 2012 sales of ~$1B, could sell for €250M ($343M).
Alcatel-Lucent announced that it is supplying its 1830 Photonic Service Switch (PSS) converged WDM/OTN/Packet based-platform and its 5620 Service Aware Manager (SAM) to French mobile and broadband operator SFR as part of the latter's transition to an all-IP transport based network. The move intended to address increasing residential and business customer demand for bandwidth on fixed and mobile networks will also see Alcatel-Lucent provide design, professional services, installation and commissioning services. SFR already uses the equipment maker's 7360 Intelligent Services Access Manager (ISAM) and 7750 Service Router (SR) products.
“The sale of its enterprise business would, we believe, help Alcatel incrementally strengthen its balance sheet,” Franklin Jarman and Karl Blunden, credit analysts at Goldman Sachs Group Inc., said in a note. “We see the potential for more transformational transactions in future quarters.”
Found that statement an indicator of what is to come and from the money men on their loan.
Mobile analyst Chetan Sharma estimates the average U.S. mobile user has consumed 1.2GB/month of data this year, up 74% from a 2012 level of 690MB.
Meanwhile, average global mobile data consumption is pegged at 240MB, up 71% from a 2012 level of 140MB.