Nokia takes over Alcatel-Lucent

Advertisement

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

Advertisement

What's your reaction?
Love It
0%
Like It
0%
Want It
0%
Had It
0%
Hated It
0%
About The Author
Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.