PARIS – Telecommunications equipment maker Alcatel-Lucent SA says it lost 200 million euros in the third quarter, including costs of restructuring efforts aimed at saving the long-struggling company from collapse.
It’s the latest in a series of losses for the France-based company, and compares with losses of 316 million euros in the same quarter in 2012.
Alcatel-Lucent in a statement Thursday attributed the latest loss to a financial charge and costs of restructuring, which includes job cuts and focusing on newer technology.
Sales in the quarter were 3.67 billion euros, up from last year’s third quarter sales of 3.6 billion euros. The company reported a stronger contribution from broadband and other internet activities, and said sales growth was driven by North America.
Alcatel-Lucent supplies companies such as AT&T, Verizon and France Telecom.