URPT-PDATE 1-Alcatel-Lucent Q2 net loss wider than forecast

(Reuters) - The Franco-American telecoms equipment provider on Tuesday
reported a net loss of 336 million euros for
the three months to June 30 against a profit of 302 million
euros the previous year and compared with expectations of a
147.1 million loss, based on a Reuters poll of 10 analysts.
The company, which also confirmed its full-year sales growth
expectations, added the outcome included a negative impact of
176 million euros which included a mix of exceptional gains and
charges.
The company said the net loss included an impairment charge
of 298 million euros related to a re-evaluation of its W-CDMA
mobile assets which analysts did not expect.




Alcatel of France and Lucent of the United States started
operating as a combined business on Dec. 1 last year.


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Green money bypasses Africa

Africa has missed out on booming investment in clean energy projects partly over worries that it is a tough destination to do business, a UN official said on Tuesday.

The Kyoto Protocol obliges 35 rich nations to cut greenhouse gases by 5% below 1990 levels by 2008-12, mostly through curbing the release of heat-trapping carbon dioxide.

An element of the treaty is the Clean Development Mechanism (CDM) which helps nations meet their reduction targets by funding green energy development in poor countries in exchange for carbon credits.

Read More at FIN24.co.za