By Leila Abboud PARIS (Reuters) - Telecom equipment maker Alcatel-Lucent posted higher revenues in the third quarter helped by double-digit growth in the highly profitable U.S. market as it raced to cut costs to try to end six straight quarters of losses. Alcatel-Lucent Chief Executive Michel Combes, who took the helm in April after heading Vodafone Europe from 2008 to 2012, is seeking to streamline the group to focus on high-speed mobile and fixed broadband products, while slashing the staff by 10,000 to save 1 billion euros by 2015. The margin improvement came from selling higher-margin IP networking routers and fixed broadband products, which help telecom operators carry mobile data traffic, as well as the effect of cost cuts.
via Tech News Headlines - Yahoo! News http://news.yahoo.com/alcatel-revenues-lifted-u-cost-cuts-start-070624224--finance.html
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