Nokia Networks completes 15.6 billion euro acquisition of Alcatel-Lucent

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Nokia has gained control of Alcatel-Lucent through a successful public exchange offer in which the Finnish company is to hold 79.3% of outstanding Alcatel-Lucent shares.

Alcatel-Lucent is a French global telecommunications equipment company that provides fixed, mobile, and converged networking hardware, IP technologies, software and services, with operations in more than 130 countries. 

Network equipment

With this acquisition, Alcatel-Lucent now becomes a part of Nokia Networks and both companies will begin operating as one entity from the 14th of January 2016.

Nokia Networks started as a joint venture between Nokia of Finland and Siemens of Germany known as Nokia Siemens Networks. Nokia Networks has operations in around 120 countries. In 2013, Nokia bought all of Siemens’ shares and rebranded to Nokia Networks in April 2014.

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5 comments

  1. Nokia is desperately trying to rise again after a stiff competition from its rivals. I think they should do better than just acquiring other companies, they need to come up with more affordable high end devices that run on Android.

  2. Hope this translate to a better smartphone experience for those who still have faith in Nokia.

    I pray they release the much-awaited smartphone we’ve been expecting from them.

    Maybe then, they will be taken serious.

    1. This acquisition is not about smartphones. Nokia Networks is a telecoms equipment supplier – base stations, networks equipment. These are the guys who work behind the scene building networks for operators like MTN, Glo, Etisalat, and Airtel.

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