Telecom equipment maker Alcatel-Lucent announced this week it lost $8.15 billion (5.17 billion Euros) last year.
Fourth-quarter losses were 3.87 billion Euros. This is the third year in a row the company lost money.
“Alcatel-Lucent delivered solid operational performance in the fourth quarter,” the company said in a press release.
French vendor Alcatel merged with Murray Hill, N.J.-based Lucent in 2006.
Its operating income was 297 million Euros, and the lion’s share of Alcatel-Lucent’s loss was due to a reduction in the value of its holdings in operations such as Thales, a French company that makes hardware, software and networks for the military and aerospace markets.
Alcatel-Lucent’s Fourth-quarter revenues were 4.95 billion Euros, down from 5.2 billion Euros from the fourth quarter of 2007.
Its revenue for 2008 was nearly 17 billion Euros.
The firm has about 3.7 billion Euros in cash and about 5 billion Euros in debt.
It operates a subsidiary in Ottawa, Alcatel-Lucent Canada, formerly known as Newbridge Networks Corp.