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Nokia confirms acquisition of French telecommunications company Alcatel-Lucent
2015-04-15 09:41:47| Telecom - Topix.net
This Thursday, Jan. 29, 2015 shows the Nokia head offices in Espoo, Finland. Nokia says it is in advanced discussions to acquire the French telecommunications company Alcatel-Lucent.
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Nokia buys Alcatel-Lucent to grow in telecom gear
2015-04-15 09:41:46| Telecom - Topix.net
Finnish telecom network equipment maker Nokia has agreed to buy Alcatel-Lucent in an all-share transaction that values its smaller French rival at 15.6 billion euros . Nokia will give Alcatel-Lucent shareholders 0.55 shares in the combined company for each of their old shares, resulting in 33.5 percent of the entity being in Alcatel's hands and Nokia having 66.5 percent if the public exchange offer is fully taken up.
Nokia agrees deal with Alcatel-Lucent
2015-04-15 08:28:41| BBC News | Business | UK Edition
Nokia says it has agreed a deal to buy smaller French rival Alcatel-Lucent in a 15.6bn takeover deal.
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Nokia agrees EUR 15.6 bln bid for Alcatel-Lucent
2015-04-15 08:23:00| Telecompaper Headlines
(Telecompaper) Nokia and Alcatel-Lucent reached an agreement on the terms of their proposed merger. Nokia will offer 0.55 of its shares for each Alcatel-Lucent share, valuing the company at EUR 15.6 billion or EUR 4.27 per share. This is a premium of 28 percent to the average share price over the three months before the merger talks were announced. Alcatel-Lucent shareholders would own 33.5 percent of the new company, which will continue under the name Nokia. Nokia's current chairman and CEO, Risto Siilasmaa and Rajeev Suri, will continue to lead the company, and the new Nokia will remain headquartered in Finland with a "strong presence" in France. Alcatel-Lucent will have three members on the board of 9-10 members, including the role of vice chairman. Pending approval by Nokia's shareholders and regulators, the takeover is expected to close in the first half of 2016. By 2019, the companies expect to achieve EUR 900 million in operating cost savings from the merger. They also forecast EUR 200 million in savings in interest costs by 2017.
Nokia Alcatel-Lucent deal would make a complementary patent portfolio
2015-04-15 05:47:11| Wireless - Topix.net
The possible acquisition of Alcatel-Lucent of France by Finland-based Nokia would bring together complementary patent portfolios and increase their scale against larger global competitors, analysts said Tuesday. Nokia's patents primarily cover technology used for communications between smartphones and cell towers equipped with base stations that are provisioned with routers and other gear.
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