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Europe Approves Nokia's Purchase of Alcatel-Lucent

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Jul 24, 2015, 7:07 AM   by Eric M. Zeman   @phonescooper

The European Commission today gave Nokia permission to move forward with its acquisition of rival Alcatel-Lucent. Following its initial review, the Commission approved the deal without placing any conditions on the terms. The acquisition still needs to be approved by Nokia's shareholders and antitrust regulators in a handful of other countries. Nokia expects the complete the deal during the first half of 2016.

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