Nokia Agrees to Takeover Alcatel-Lucent for $16.6 Billion

Nokia Agrees to Takeover Alcatel-Lucent for $16.6 Billion: Here we are provide you the latest information that Nokia agrees to buy Alcatel-Lucent for $ 16.6 Billion. Nokia is among the top most company of telecom industry. Nokia announces its intention to acquire telecom equipment company Alcatel-Lucent for 15.6 Billion euro. Alcatel-Lucent is a French Telecom equipment company, its headquarter is in Boulogne-Billancourt, France. Alcatel-Lucent has its operations in more than 130 countries. Alcatel-Lucent focusses on mobile and converged networking hardware, IP technologies, software and services. Nokia’s takeover of Alcatel-Lucent will sollidify Nokia’s ambitions to become a major provider of telecom equipment that compete with the market leader Ericsson. The Nokia’s deal to buy Alcatel-Lucent will be finalised in the first half of 2016 and is expected to result in 900 million euros of operating cost savings by the end of 2019. according to the deal, Nokia shareholders owning 66.5% of the telecom giant and Alcatel-Lucent investors holding the rest.

Nokia Agrees to Takeover Alcatel-Lucent for $16.6 Billion

Nokia to Buy Alcatel-Lucent for $16.6 Billion

The combined company of Nokia and Alcatel-Lucent will have about 1,14,000 employees and combined sales are around 26 billion euros. In trading in Europe, Nokia share rose 3.1% while shares of Alcatel-Lucent fell 10.9%. Alcatel shareholders were disappointed because they hoped for a part-cash offer, while Nokia holders were relieved that the group had not overpaid, a trader said.

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