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China gives conditional approval to Nokia takeover of Alcatel-Lucent
2015-10-19 13:33:14| Telecom - Topix.net
BEIJING: China's Ministry of Commerce said on Monday it has approved telecom equipment maker Nokia's proposed takeover of France's Alcatel-Lucent providing that the Finnish firm can meet certain terms by Dec. 10. Nokia has agreed to meet those conditions, which mainly relate to the use of wireless telecommunication standards and patent licensing, the ministry said. China is the last major jurisdiction still to approve Nokia's 15.6 billion euro takeover of Alcatel.
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Category:Telecommunications