China Greenlights Nokia Siemens' Motorola Acquisition
China's Ministry of Commerce has approved Nokia Siemens Networks' planned acquisition of a slice of Motorola's wireless networking business. The deal, first announced in 2010, has already been approved by U.S. and European regulators and was delayed over intellectual property issues brought up by Huawei. Those issues were settled in recent weeks. China's regulatory body was the last roadblock holding up the deal. The companies said they plan to close the acquisition by April 29.
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 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.
Nokia Forges China Joint Venture to Win Alca-Lu Approval
Nokia has signed a memorandum of understanding with a China government-backed investment company called Huaxin in order to encourage approval of its proposed acquisition of Alcatel-Lucent. The acquisition has already been approved by U.S.
Europe Approves Nokia's Purchase of Alcatel-Lucent
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.