Nokia ready to buy Alcatel-Lucent for $ 16, 6 billion

Finnish company Nokia announced on Tuesday evening that it plans to acquire its competitor for the production of network equipment Alcatel-Lucent 15, 6 billion euros ($ 16, 6 billion), thus confirming the message two years ago .

Following the transaction, Alcatel-Lucent shareholders will receive 0, 55 Nokia shares for each share of Alcatel-Lucent, which they own. Thus, the current shareholders will own Nokia almost two-thirds of the joint venture and shareholders of Alcatel-Lucent - a little more than one third.

The deal has already agreed by the Board of Directors of both companies and is awaiting permission from the regulatory authority of the State in which the company presented data.

The current head of Nokia Rajeev Suri will retain a role in the combined company, which continues to use the brand Nokia, and the headquarters will remain in Finland, while the key subsidiaries in France, Germany, the US and China did not stop their work.

Based on materials recode.net

Source: geektimes.ru/post/249048/