| Updated:
Submarine firm in market float
FRENCH firm Alcatel-Lucent yesterday said it planned to pursue a float of its submarine cable business next year.
Alcatel-Lucent Submarine Network manufactures cables at a site across the Channel in Calais, and runs vessels to lay them on the seabed. The initial public offering would be used by the French firm, listed in New York, as a means of accessing the capital markets for funding in future.