Nokia's Alcatel-Lucent acquisition finalized | RetailDetail

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 sells its Russian division

21/06/2018

Ceconomy, MediaMarkt's parent company, has sold its onerous Russian division to local electronics chain M.video. The German electronics giant does not quit Russia altogether however, as it continues as shareholder of M.video.

LVMH's Bernard Arnault invests in refurbished phones

14/06/2018

BackMarket, a French start-up that wants to be a marketplace for refurbished smart phones, tablets and laptops, has secured a 41 million euro investment. The most famous new investor is Bernard Arnault, CEO of luxury group LVMH.

Coolblue closes hundreds of web shops

11/06/2018

Dutch e-commerce group Coolblue has terminated hundreds of its web shops, instead preferring one central web shop at coolblue.be/nl. This may be the precursor to an international expansion, the company says.

Xiaomi's European conquest goes through Paris

23/05/2018

Chinese smartphone manufacturer Xiaomi just opened a physical store in Paris, part of its ambitious European expansion plan. The brand is also dreaming of an American launch.

Fnac Darty and MediaMarkt Saturn enter purchase alliance

16/05/2018

French electronics retailer Fnac Darty has set up a purchase alliance with competitor MediaMarkt Saturn. Both companies will buy together when it comes to the European retail market.

Amazon looking to outbid Walmart in Flipkart deal

03/05/2018

The battle for dominance on the Indian e-commerce market seems to be stepping up a notch: Amazon may be looking to buy a majority stake in Flipkart, trying to better Walmart which already started negociations with the Indian online retailer.