Nokia takes over Alcatel-Lucent

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The deal between two small players in consumer mobile that made tremors in the middle of last year has just completed. As Nokia is making its comeback to smartphones later this year, it’s important to note that the company is a big name looking for big resources and a big industry to compete in. It seems those big resources will come from Alcatel-Lucent and that industry will be in telecommunications backhaul.

Nokia has successfully been able to launch a public exchange offer for Alcatel-Lucent shares and bonds in France and the US and will likely hold 76 percent of shares and voting rights. Nokia will offer another chance to remaining Alcatel-Lucent shareholders to tender their securities before delisting the company from the New York Stock Exchange and effectively subsume it.

What this likely means is that we’ll have a Nokia that is somewhat similar to a ZTE in structure, producing telecommunications products while also serving up consumer goods.

Source: Nokia
Via: Phone Scoop

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About The Author
Jules Wang
Jules Wang is News Editor for Pocketnow and has been on the team since May of 2015. Before that, he was a production intern, editing and producing the Pocketnow Weekly podcast and also editing other video projects from the team. He is a Emerson College graduate of 2015 with studies in journalism.