On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1320 AM Sioux Falls, SD 107.9 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
58° Feels Like: 58°
Wind: ESE 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Cloudy 78°

Tonight

Rain/Thunder 66°

Tomorrow

Heavy Thunderstorms 77°

Alerts

Alcatel-Lucent confirms cap hike timetable

The logo of the telecom equipment maker Alcatel-Lucent is seen on the company site building in Rennes, western France, October 15, 2013. REU
The logo of the telecom equipment maker Alcatel-Lucent is seen on the company site building in Rennes, western France, October 15, 2013. REU

PARIS (Reuters) - Alcatel-Lucent confirmed the subscription ratio and timetable of its planned capital increase on Friday, and said it would amount to 956.69 million euros ($1.29 billion).

The company confirmed that the subscription period would start on November 19 and end on November 29.

The loss-making telecom equipment maker earlier this month announced plans to raise 954.92 million euros from shareholders and $750 million from a high-yield bond to cut debt and drive what its chief executive has called a last-ditch effort to save the group.

(Reporting by James Regan; Editing by Blaise Robinson)

Comments