Nokia gains control of Alcatel-Lucent

telecom | 01/04/2016 9:49 pm EST

Nokia Corp. said Monday that it has won control of telecom-equipment maker Alcatel-Lucent SA with almost 80 per cent of the company's outstanding shares tendered in response to Nokia's acquisition offer. Nokia said in a press release that this figure was based on results published by the Autorité des Marchés Financiers, France's stock-market regulator, and that it had "declared the offer successful." The proposed takeover, worth 15.6 billion euros ($23.5 billion Cdn) in stock, was announced last April. "As of Jan. 14, 2016, Nokia and Alcatel-Lucent...

Nokia shareholders approve Alcatel-Lucent acquisition

telecom | 12/02/2015 6:08 pm EST

Nokia Corp. said Wednesday that its shareholders have approved the company's proposed acquisition of Alcatel-Lucent SA. Nokia said in a press release that it has also received all necessary regulatory approvals earlier than expected and that the transaction is expected to close within the first three months of 2016. "We are delighted that the vast majority of Nokia's shareholders recognize the long-term value creation opportunity that this proposed combination represents," Nokia CEO Rajeev Suri said in the release. "We now encourage Alcatel-Lucent shareholders and...