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.
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.