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15/04/16/1350232 story

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.

Related Stories

Nokia's Digital Mapping Business Bought by German Carmakers 10 comments

basstard writes:

BBC writes that German carmakers Audi, BMW and Daimler are buying Nokia's "Here" maps business for €2.8bn (£2bn):

"High-precision digital maps are a crucial component of the mobility of the future," said Dieter Zetsche, chairman of the board of Daimler. The carmakers plan to use Here's technology to combine precise digital maps with real-time vehicle data more closely. "For the automotive industry, this is the basis for new assistance systems and ultimately fully autonomous driving," the automakers said in a statement.

The rival automakers each plan to hold an equal stake in Here. The company said vehicle manufacturers are sharing data to make real-time map updates a reality.

Perhaps it's also worth mentioning that Nokia bought Navteq in 2007 for €5.7bn.

takyon: Nokia Intends to Buy Alcatel-Lucent
BMW, Audi, and Mercedes Want to Buy Nokia's Here Mapping Group
Uber Acquires Mapping Assets and Employees From Microsoft/Bing

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Original Submission

• As an ex-NokianAs an ex-Nokian (Score: 2) by FatPhil on Thursday April 16 2015, @11:14PM

  by FatPhil (863) <pc-soylentNO@SPAMasdf.fi> on Thursday April 16 2015, @11:14PM (#171773) Homepage

  I was expecting them to resort to Plan 9 eventually.

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  • Re:As an ex-Nokian(Score: 0) by Anonymous Coward on Friday April 17 2015, @09:10AM

    by Anonymous Coward on Friday April 17 2015, @09:10AM (#171952)

    They are resurrecting the dead?

    Parent

• Typo (formally correct title, but...)Typo (formally correct title, but...) (Score: 2, Insightful) by c0lo on Thursday April 16 2015, @11:54PM

  by c0lo (156) on Thursday April 16 2015, @11:54PM (#171789) Journal

  Microsoft Intends to Buy Alcatel-Lucent

  FTFY.
  Does it have any impact on UNIX copyrights? (Lucent incorporated Bell Labs)

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  • Re:Typo (formally correct title, but...)(Score: 2) by bob_super on Friday April 17 2015, @12:07AM

    by bob_super (1357) on Friday April 17 2015, @12:07AM (#171791)

    I'm pretty sure it's the non-MS part of Nokia that wants ALU.

    Parent

  • Re:Typo (formally correct title, but...)Re:Typo (formally correct title, but...) (Score: 5, Informative) by takyon on Friday April 17 2015, @12:12AM

    by takyon (881) <{takyon} {at} {soylentnews.org}> on Friday April 17 2015, @12:12AM (#171794) Journal

    http://en.wikipedia.org/wiki/Microsoft_Mobile [wikipedia.org]

    Microsoft Mobile was established following the acquisition of Nokia's Devices and Services division by Microsoft, which was completed in April 2014. While Microsoft retains a limited license to use the Nokia name and logo on feature phones, the company was only granted a transitional license to the Nokia brand name.

    Microsoft Mobile got the right to sell mobile phones under the Nokia brand name as part of a 10-year licensing agreement, as long as those phones are based on the S30+ which comprises feature phones. Future "Lumia" smartphones fell out of this license and couldn't be released bearing the Nokia brand; In October 2014, it was announced that future Lumia devices would carry the Microsoft name and logo instead of "Nokia".

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    • 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]

      Parent

      • 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..

        Parent

  • Re:Typo (formally correct title, but...)(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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    Parent

• Any idea how this will affect AL's network line?Any idea how this will affect AL's network line? (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.

  • Re:Any idea how this will affect AL's network lineRe:Any idea how this will affect AL's network line (Score: 2) by takyon on Friday April 17 2015, @12:31AM

    by takyon (881) <{takyon} {at} {soylentnews.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."

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    • Re:Any idea how this will affect AL's network lineRe:Any idea how this will affect AL's network line (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.

      Parent

      • Re:Any idea how this will affect AL's network line(Score: 3, Insightful) by takyon on Friday April 17 2015, @12:52AM

        by takyon (881) <{takyon} {at} {soylentnews.org}> on Friday April 17 2015, @12:52AM (#171807) Journal

        There's all sorts of vague BS before, during, and after a merger.

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