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Nokia Intends to Buy Alcatel-Lucent

posted by takyon on Thursday April 16 2015, @11:10PM   
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.

• Re:Typo (formally correct title, but...) Re:Typo (formally correct title, but...) (Score: 2) by richtopia on Friday April 17 2015, @02:38AM

  by richtopia (3160) on Friday April 17 2015, @02:38AM (#171854) Homepage Journal

  I thought the market was basestations for this transaction, not handsets.

  NYT includes Cisco as a competitor for example (javascript needed). http://www.nytimes.com/2015/04/16/business/dealbook/nokia-and-alcatel-lucent-takeover-deal-announced.html?_r=0 [nytimes.com]

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• Re:Typo (formally correct title, but...) (Score: 2) by kaszz on Friday April 17 2015, @09:48AM

  by kaszz (4211) on Friday April 17 2015, @09:48AM (#171957) Journal

  You'll need to sacrifice your first born to get a peek at NyT..

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