Nokia taking over Alcatel-Lucent

After receiving approval to buy a controlling stake in Alcatel-Lucent, Nokia said it will move fast to integrate the company.

By - January 5, 2016 Share on LinkedIn
Nokia Connecting People logo

Nokia has gained control of Alcatel-Lucent after its public exchange offer was approved by the French stock market authority.

The deal goes through on 7 January 2016, with Nokia expecting to hold 76.31% of the share capital, and at least 76.01% of the voting rights of Alcatel-Lucent.

“We will move quickly to combine the two companies and execute our integration plans. As of January 14, 2016, Nokia and Alcatel-Lucent will offer a combined end-to-end portfolio,” said Nokia.

Reuters reported that the acquisition will put Nokia in a stronger position to compete with Sweden’s Ericsson and China’s Huawei.

The market for telecoms network gear has shown limited growth and tough competition recently, which has put pressure on prices, stated Reuters.

New Nokia 230 unveiled

Microsoft killing some Nokia Windows Phone Apps

Nokia demonstrates TDD-FDD 3 carrier aggregation, with peak speeds of 365Mbps

Nokia on the comeback trail

Nokia N1 Android tablet announced

Alcatel-Lucent sets undersea data transmission record

Share your thoughts

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

Do you think Jacob Zuma paying R7.8 million for his Nkandla upgrades is enough?

View Results

Loading ... Loading ...

More News

The best defence against house robberies in South Africa

Thief crowbar sabotage vandalism

Professor Rudolph Zinn and Brigadier Piet Byleveld shed light on how criminals plan and execute a house robbery, and what can be done to prevent this happening to you.

There is no revolt at the SABC: Board

SABC office

There is no revolt at the SABC, the public broadcaster’s board chairperson Mbulaheni Maguvhe said on Tuesday.

I don’t even know what censorship is: SABC COO Hlaudi Motsoeneng

Hlaudi Motsoeneng

SABC COO Hlaudi Motsoeneng has scoffed at suggestions that the public broadcaster is engaging in censorship, saying censorship is an English concept.

Top-rated tech CEOs

Mark Zuckerberg, Facebook's co-founder and chief executive introduces 'Home' a Facebook app suite that integrates with Android, during a news conference in Menlo Park, California in this file photo taken April 4, 2013. Facebook Inc introduced video for its popular photo sharing application Instagram in an attempt to go to head-to-head with rival Twitter.  REUTERS/Robert Galbraith/Files  (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY TELECOMS)

Glassdoor has released its 2016 Employees’ Choice Awards winners, revealing the highest-rated CEOs based on employee feedback.

X

Newsletter Subscription


Name
Email *
Enter the following to confirm your subscription *
Captcha image


Free MyBroadband Newsletter
Subscribe
×