Nokia's Alcatel-Lucent acquisition finalized

Nokia's Alcatel-Lucent acquisition finalized

Finnish Nokia has finalized the acquisition of its French-American competitor, Alcatel-Lucent. The electronics company says nearly 80 % of all shareholders signed off on Nokia's proposal.

Largest in the world

Nokia's goal was to obtain at least 50 % of Alcatel-Lucent's shares. Suffice to say that it succeeded with nearly 80 % of all shares. All in all, the deal is worth 15.6 billion euro and can now go ahead as the antitrust authority already approved the deal last year.

 

The two companies will now become the world's largest mobile network suppliers, surpassing Ericsson and Huawei among others, with about 110,000 employees and a joint turnover (in 2014) of 25.9 billion euro. Its market value even exceeds 40 billion euro.

 

Alcatel-Lucent's acquisition was announced in April 2015, a year after Nokia had sold its smartphone division to Microsoft for 5.4 billion euro.

Questions or comments? Please feel free to contact the editors


Ceconomy (former Metro) mainly achieves online growth

31/08/2017

Ceconomy, the newly-formed electronics company that split off from the Metro Group, grew 1.1 % in its first independent quarter. The owner of Media Markt and Saturn saw its web shops outperform physical stores.

New owner for smartphone manufacturer HTC?

28/08/2017

Taiwanese technology company HTC may be looking for a new owner as competition is becoming stronger. The company is now looking for options to raise funds for a battle plan.

Twelve-year sentence for Samsung's vice-president?

07/08/2017

Prosecutors in the Samsung corruption case have demanded a 12-year sentence for its former vice-president and de facto CEO of the South Korean company at the time, Jay Y. Lee, who has been charged with bribery and embezzlement.

Apple sales drop smaller than expected

02/08/2017

Apple has sold more iPhones in the third quarter of its fiscal year than it did last year, which was a surprisingly more positive feat than analysts had expected. Compared to the second quarter, there was further decline though.

Ceconomy (Media Markt) acquires quarter of Fnac Darty

26/07/2017

Ceconomy, Metro Group’s former consumer electronics division containing Media Markt and Saturn, acquired 24.3 % of Fnac Darty’s shares from the Pinault family.

 Blokker adds household appliance specialist AO.nl to Nextail

21/07/2017

Blokker Holding’s online organization, Nextail, will enter a strategic collaboration with online household appliance specialist AO.nl’s Dutch division.

Back to top