Nokia to buy Alcatel-Lucent
Finland’s Nokia has said it has agreed a deal with Alcatel-Lucent to fully take over its Franco-American competitor. The move would create a new global networking giant to rival Sweden’s Ericsson and China’s Huawei.
Nokia announced Wednesday (15.04.2015) it had agreed to take over Alcatel-Lucent in a deal valuing the Franco-American company at 15.6 billion euros (16.6 billion dollars).
“I firmly believe that this is the right deal, with the right logic, at the right time,” Nokia CEO Rajeev Suri said.
Both companies’ boards of directors had given their blessing to the deal, which would help Nokia bolster its mobile infrastructure business against Swedish archrival Ericsson, profiting from Alcatel’s position as a leading supplier of 4G and LTE mobile networks and related services.
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Source News: DW