Nokia Bid for Alcatel-Lucent Opens Wednesday

Share on Facebook Tweet Snapchat Share Reddit Comment
Nokia Bid for Alcatel-Lucent Opens Wednesday

An all-share offer by Finnish telecom group Nokia for its French-American rival Alcatel-Lucent will open on Wednesday, the French financial markets authority (AMF) said.

If successful, the acquisition will create the world's biggest supplier of mobile phone network equipment.

"The public offer will be open from November 18 until December 23," the authority said.

Nokia's bid was cleared by the French government last month, having already received all US regulatory approvals needed.

Nokia expects to finalise the acquisition of Alcatel-Lucent, which has only had a single year of profits since its creation in 2006, early next year.

In the all-paper operation, the Finnish operator is offering 0.55 Nokia stock for every Alcatel-Lucent share, valuing Alcatel-Lucent at EUR 15.6 billion ($16.7 billion or roughly Rs. 1,03,635 crores).

Nokia used to be the world's biggest mobile handset maker before selling that business to Microsoft.

It has since been concentrating on mobile networks in Europe, where Alcatel-Lucent is weak.

The French-US company, however, is well-positioned in the North American market, where Nokia is hoping to make inroads.


For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Further reading: Alcatel Lucent, Microsoft, Nokia, Telecom
SAP Opens 25 Digital Literacy Centres in 12 Indian Cities
Nvidia Shield Tablet K1 With 8-Inch Display, Tegra K1 SoC Launched

Related Stories




© Copyright Red Pixels Ventures Limited 2021. All rights reserved.
Listen to the latest songs, only on