Nokia Agrees to Buy Alcatel-Lucent for $16.6 Billion

[primig]

The deal has been approved by both companies’ boards but still requires regulatory and other approvals. Nokia said it expects the deal to close in the first half of 2016.
Nokia also confirmed it is considering a potential sale of its Here mapping unit, one of three businesses that remained after the company sold its mobile phone unit to Microsoft.

The combined company is expected to become the world’s second-largest telecom equipment manufacturer behind E******* of Sweden, with global revenues totaling $27 billion and operations spread across Asia, Europe and North America. The companies are betting that, by joining forces, they can better compete against Chinese and European rivals bidding to provide telecom hardware and software to the world’s largest carriers, including AT&T and Verizon in the United States, Vodafone and Orange in Europe, and SoftBank in Japan. ... Analysts say that Nokia has progressively focused on its equipment unit, which now represents roughly 85 percent of the company’s annual revenue. On Wednesday, Nokia confirmed that it had put its digital maps business — a competitor for Google Maps — up for sale.


http://company.nokia.com/en/news/pre...onnected-world

http://www.nytimes.com/2015/04/16/bu...nced.html?_r=0

http://recode.net/2015/04/14/nokia-a...-16-6-billion/

http://news.slashdot.org/story/15/04...or-166-billion

[rkdrkd]

Good to know this. First Siemens, now Alacent-lucent.

Now lot of hard work to be done by NOKIA to go up the no. 1 in Telecom Eqpt manufature.