Nokia to Buy Alcatel-Lucent, Mulling Options for HERE Maps
Nokia today said it has agreed to acquire Alcatel-Lucent for $16.6 billion. The combined companies would be a giant in the telecom equipment space with more than 100,000 employees. The terms of the deal will see Nokia acquire all of Alcatel-Lucent's stock, as traded in both France and the U.S. The companies' boards of directors have approved the deal, though shareholders have yet to vote on the acquisition. The deal will also require regulatory approval. The companies expect the deal to close during the first half of 2016. Once combined, the companies will streamline redundant operations, but believe the 40,000 research and development at its disposal employees will be able to make the company a world leader in the connected IP space. Nokia-Alcatel-Lucent will specifically target the development of 5G wireless networks. The largest competitors remaining are Ericsson and Huawei, though ZTE, Samsung, and others make telecommunications equipment, too. In addition to announcing the Alcatel-Lucent deal, Nokia said it has begun a review of strategic options for its HERE Maps business. Nokia acquired Navteq's mapping business in 2007 and turned it into a competitive global company. Nokia's HERE Maps are available to the Android, iOS, and Windows Phone platforms, as well as online, and provide robust driving, walking, and transit directions. Nokia said its review of HERE Maps may or may not result in a transaction.
Nokia Confirms Talks to Acquire Alcatel-Lucent
Nokia and Alcatel-Lucent today said they are in advanced talks concerning a merger or acquisition between the two. Such a deal would would produce a massive competitor to Sweden's Ericsson and China's Huawei in the telecommunications market.
China Approves Nokia's Alcatel-Lucent Acquisition
Nokia's attempt to acquire Alcatel-Lucent has cleared another hurdle now that it has won approval from China's Ministry of Commerce. The anti-monopoly body will allow the proposal to move forward under certain conditions, which mostly pertain to licensing standard essential patents.
Nokia Gains Control of Alcatel-Lucent
Nokia today said it has officially taken the reigns of Alcatel-Lucent after its public exchange offer for Alcatel-Lucent was accepted by the French stock market authority. Nokia expects to merge the two companies in order to form a telecommunications powerhouse to compete against Ericsson, ZTE, and others.
Nokia's Alcatel-Lucent Acquisition Clears CFIUS
Nokia today said the Committee on Foreign Investment in the United States has approved its proposed acquisition of Alcatel-Lucent. CFIUS' approval was the last regulatory hurdle in the US, which has already been approved by the Justice Dept.
More importantly Nokia will be back in the wireless hardware business