Stories
Slash Boxes
Comments

SoylentNews is people

Nokia Intends to Buy Alcatel-Lucent

posted by takyon on Thursday April 16 2015, @11:10PM   Printer-friendly
from the buy-high-sell-low dept.

kaszz writes:

Nokia has announced its intention to acquire the telecoms equipment company Alcatel-Lucent for 15.6 billion EUR (US$16.6bn). The new company will be called Nokia and have its headquarters in Finland, but will retain Alcatel-Lucent's Bell Labs name for its R&D activities. The deal has to be approved by Nokia shareholders.

Nokia has also announced a "strategic review" of its HERE mapping business, which evolved from its acquisition of Navteq back in 2007 for $8.1 billion. It will reportedly sell the mapping division for $2 billion. That price is at the low end of what was previously rumored.

 
This discussion has been archived. No new comments can be posted.
Nokia Intends to Buy Alcatel-Lucent | Log In/Create an Account | Top | 12 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 0) by Anonymous Coward on Friday April 17 2015, @12:23AM

    by Anonymous Coward on Friday April 17 2015, @12:23AM (#171798)

    First, this is Nokia proper, not the mobile division Nokia sold off to Microsoft, so no MS FUD please*.

    Where I work, we just decided to switch to Alcatel Lucent's ethernet switches (they have a Cisco like CLI BUT, they also give you a bash shell, sed, awk, diff, python, etc.). A little worried that Nokia may only be interested in the telecom side of the AL business.

    * plenty of reasons to worry about what MS is up to, but this isn't one of them.

  • (Score: 2) by takyon on Friday April 17 2015, @12:31AM

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Friday April 17 2015, @12:31AM (#171800) Journal

    "The combined company will be uniquely positioned to create the foundation of seamless connectivity for people and things wherever they are," Nokia said in a statement. "This foundation is essential for enabling the next wave of technological change, including the Internet of Things and transition to the cloud. With more than 40,000 R&D employees and spend of €4.7 billion in R&D in 2014, the combined company will be in a position to accelerate development of future technologies including 5G, IP and software-defined networking, cloud, analytics as well as sensors and imaging."

    --
    [SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]

    • (Score: 1) by kadal on Friday April 17 2015, @12:50AM

      by kadal (4731) on Friday April 17 2015, @12:50AM (#171804)

      That's some vague BS.