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Recovering Alcatel-Lucent seen rejoining France’s CAC 40

Recovering Alcatel-Lucent seen rejoining France’s CAC 40

PARIS (Reuters) – Alcatel-Lucent could rejoin France’s blue-chip CAC 40 index next month as the telecom gear maker’s turnaround gains traction and its stock hits two-year highs, analysts and fund managers said. If restored to the CAC 40, Alcatel would benefit from demand from index trackers of about 255 million euros, or 81 million shares, [...]

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China’s Huawei to roll out 4G service in Ethiopian capital

China’s Huawei to roll out 4G service in Ethiopian capital

ADDIS ABABA (Reuters) – Ethiopia’s state-run Ethio Telecom said on Thursday it had picked Huawei Technologies Co Ltd, the world’s second largest telecom equipment maker, to roll out a high-speed 4G network across the capital Addis Ababa. The introduction of the service is part of a $1.6 billion deal signed in July and August between [...]

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India to investigate Ericsson in smartphone patent row

India to investigate Ericsson in smartphone patent row

STOCKHOLM (Reuters) – India’s Competition Commission (CCI) is to investigate Swedish telecoms equipment maker Ericsson in regard to a dispute over charges levied on Indian group Micromax for the use of Ericsson’s patents. Ericsson had sued Micromax in March 2013 for patent infringement and the Indian company responded by filing a complaint to the CCI, [...]

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