Nokia has received the approval of the last necessary regulator for the purchase of Alcatel-Lucent: French Ministry of Economy
Nokia announced in April its plans to buy the French-American Alcatel-Lucent for 15.6 billion euros - this is one of the largest deals in the telecommunications industry recently. On October 21, 2015, the company received approval from the Ministry of Economy of France - the last regulator, whose consent is necessary for the official purchase offer.
In April 2015, the Finnish manufacturer of telecommunications equipment Nokia signed a contract of intent to buy the French-American Alcatel-Lucent. The deal involves antitrust authorities and trade commissions of four countries or above national entities - the United States as the largest market, the European Union is the second largest, co-production will be organized in the People's Republic of China, and the French authorities must approve the deal, legal field. On October 19, the government of China approved the deal , and on October 21, the last necessary regulator: the French Ministry of Economy.
Nokia has said in a press release that it has received all the necessary approvals from the regulatory authorities.
The deal is scheduled for completion in early 2016. It will create a new technology giant in Europe that will create "next-generation network technologies and services to create a seamless connection for people and things, no matter where they are."
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Nokia CEO Rajiv Suri said in June 2015 that the company will return to the development of mobile devices from 2016. Nokia sold its smartphone business to Microsoft in 2013 and will not be able to produce smartphones under its brand until 2023. Alcatel-Lucent has similar obligations with TCL until the end of 2015.
In April 2015, the Finnish manufacturer of telecommunications equipment Nokia signed a contract of intent to buy the French-American Alcatel-Lucent. The deal involves antitrust authorities and trade commissions of four countries or above national entities - the United States as the largest market, the European Union is the second largest, co-production will be organized in the People's Republic of China, and the French authorities must approve the deal, legal field. On October 19, the government of China approved the deal , and on October 21, the last necessary regulator: the French Ministry of Economy.
Nokia has said in a press release that it has received all the necessary approvals from the regulatory authorities.
The deal is scheduled for completion in early 2016. It will create a new technology giant in Europe that will create "next-generation network technologies and services to create a seamless connection for people and things, no matter where they are."
')
Nokia CEO Rajiv Suri said in June 2015 that the company will return to the development of mobile devices from 2016. Nokia sold its smartphone business to Microsoft in 2013 and will not be able to produce smartphones under its brand until 2023. Alcatel-Lucent has similar obligations with TCL until the end of 2015.
Source: https://habr.com/ru/post/295604/
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