Friday, July 3, 2015

Emerson to Spin Off Network Power Business

Emerson recently announced plans to spin off its Network Power business and to streamline its portfolio. The company is also exploring "other strategic options" to drive growth and accelerate value creation for shareholders. The spinoff of Network Power will result in two separate companies with distinct strategies and investment profiles. Following completion of all actions, Emerson will continue to be a global leader in bringing technology and...

Alcatel-Lucent Lands Contracts with China Mobile and China Unicom

Alcatel-Lucent announced comprehensive frame agreements with China Mobile and China Unicom, two of the world’s largest telecommunications operators,  to facilitate the transition to dynamic cloud-based networks. Under the agreements - both spanning a year and valued at up to RMB4.53 billion (EUR 656 million) and RMB3.59 billion (EUR 520 million) for China Mobile and China Unicom respectively - Alcatel-Lucent will deliver its mobile and fixed...