EU clears acquisition by Alcatel-Lucent, Nokia




Nokia may be French rival Alcatel-Lucent take over, as the European Commission has decided. Therefore, the deal announced earlier this year may, with a budget of 15.6 billion euro, is to proceed.

It says the European Commission in a press release published on the website. According to the Commission, Nokia will after the acquisition of Alcatel-Lucent’s market share of more than 30 percent in some equipment, but the overlap in the services offered by both companies would be more ‘limited’. The EU argues that globally there remains sufficient competition.

Because the European Commission gives green light Nokia, the process to recruit so continue into Alcatel-Lucent. The latter makes network equipment, primarily for the rigging of mobile networks. Nokia also has a branch networks. The Finnish company sold earlier telefoontak to Microsoft and seems to want bigger bet on networking. Incidentally, let Nokia previously know weather to make phones starting next year.

In April, Nokia showed that it had landed a deal with Alcatel-Lucent for a purchase sum of 15.6 billion euros. It is one of the largest deals in the European telecommunications market.

In: Technology & Gadgets Asked By: [18418 Red Star Level]

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