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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.

 
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  • (Score: 2) by q.kontinuum on Friday April 17 2015, @06:26AM

    by q.kontinuum (532) on Friday April 17 2015, @06:26AM (#171912) Journal

    Wrong. Nokia is not Microsoft, and Nokia seems not to intend to re-enter the mobile phone business. Nokia is a big player in the area of network infrastructure, and that business has exactly nothing to do with Microsoft. Why is it so hard to understand for people that MS didn't buy the Nokia company, but just one business unit of them?!?

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