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 said the deal currently being considered would entail a "full combination" of the two companies, though the deal could still fall apart. Alcatel-Lucent is valued at about $11.63 billion while Nokia is valued at about $29.59 billion. France, where Alcatel-Lucent is based, is wary of the deal. "The government will be very vigilant regarding the possible consequences on employment and activity at the French sites of Alcatel-Lucent, notably in research and development, as well as the effects on the entire telecoms sector in France," said the French economy ministry. The combined entities could employ more than 100,000 workers, but Nokia and Alcatel-Lucent have on their own slashed thousands of jobs over the years. Nokia bought out its networking partner Siemens in 2014 to abolish Nokia Siemens Networks and form the current Nokia Corp. Alcatel-Lucent was formed in 2006 when France's Alcatel merger with the US's Lucent. A Nokia-Alcatel-Lucent merger could face significant hurdles attempting to gain regulatory approval.
Jan 7, 2019
TCL — maker of Alcatel and BlackBerry phones as well as TVs under their own brand — is getting into the affordable headphone business. The company today announced its first lineup of TCL-branded wired and Bluetooth personal audio devices for the US, with four sub-brands.
Mar 30, 2018
Huawei plans to soldier on in the U.S. market despite recent setbacks.
Jan 16, 2018
Some people who work for the U.S. government don't want AT&T and other firms doing business with Huawei, according to Reuters.
Dec 31, 2018
President Donald Trump is weighing new action against Chinese telecommunications equipment makers Huawei and ZTE, says Reuters. The President might issue an executive order that would bar U.S.
Dec 14, 2018
T-Mobile and Sprint expect their proposed merger will be given the green light by government security officials as soon as next week, according to a report from Reuters. The Committee on Foreign Investment in the United States (CFIUS) has been reviewing the merger for potential security issues.