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. and E.U. antitrust bodies, but is awaiting China's decision. The joint venture, named Nokia Shanghai Bell, will mirror one Alcatel-Lucent had in place with Huaxin and may facilitate China's approval of the deal. Nokia will hold 50% of the company plus one share, and Huaxin will hold the rest. Nokia believes merging with Alcatel-Lucent will allow it to better compete with companies such as Ericsson and ZTE, which also provide network operators with telecommunications equipment.
Aug 13, 2018
Alcatel and MetroPCS today announced the Alcatel 7, a large Android phone that focuses on entertainment. The Alcatel 7 has a 6-inch, full HD+ screen at a 2:1 aspect ratio.
Jul 1, 2020
T-Mobile US and Dish Network today announced that they have completed the previously-announced sale of Boost, the prepaid arm of Sprint. Dish now owns the Boost brand and takes responsibility for its 9.3 million customer accounts, hundreds of employees, and thousands of independent retailers.
Oct 25, 2018
The White House today published a memorandum signed by President Donald Trump that looks to formalize the country's development and support of 5G technologies, particularly as it applies to spectrum. "Access to spectrum is a critical component of the technological capabilities that enable economic activity and protect national security," wrote Trump.
Sep 28, 2017
Alcatel today announced the Idol 5 for Cricket Wireless. The Idol 5 is a $200 Android phone with a premium design that marries a solid metal body with a curved glass front.
Jan 29, 2018
FCC Chairman Ajit Pai today said he disagrees with national security advisors' idea that the government should take control of 5G. "I oppose any proposal for the federal government to build and operate a nationwide 5G network," said Pai in a statement.