Lucent has terminated a four month agreement to sell its small and medium sized business communications systems unit to LSME, a small group of investors.
The telecoms equipment maker failed to elaborate on the decision, but said it would continue to employ the division's staff and would still sell its products to the same customer base by expanding its indirect sales channels and exploring new ways of bundling systems for resellers and distributors.
Lucent agreed to sell the unit to LSME in April to make it easier to sell packaged products tailored to customers' needs. The supplier had found it difficult to include phone services in the bundles because of an agreement that was defined when it split from AT&T.
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