Friday, 24 November 2017

This is not a JV: Nokia inks €15.6bn deal for Alcatel-Lucent

By Mary Lennighan, Total Telecom
Wednesday 15 April 15

Rajeev Suri to lead enlarged Nokia, pledges 'not to repeat' mistakes associated with previous mergers; Nokia looks at divestment of Here, other assets.

Nokia has agreed to buy Alcatel-Lucent in an all-stock deal that values the French company at €15.6 billion, it announced on Wednesday. The deal will enable the merged entity to build scale in the network equipment market, making it better able to compete with Ericsson and Huawei, while providing Nokia with a stronger presence in North America, as well as in other key geographies. But despite talking up the strengths of the merged outfit - which include scale, complementary portfolios, and R&D prowess – the leaders of both companies were insistent that this is in fact not a true merger and will not succumb to the pitfalls that dogged the previous integration processes both have been through in recent years…

Nokia has agreed to buy Alcatel-Lucent in an all-stock deal that values the French company at €15.6 billion, it announced on Wednesday. The deal will enable the merged entity to build scale in the network equipment market, making it better able to compete with Ericsson and Huawei, while providing Nokia with a stronger presence in North America, as well as in other key geographies. But despite talking up the strengths of the merged outfit - which include scale, complementary portfolios, and R&D prowess – the leaders of both companies were insistent that this is in fact not a true merger and will not succumb to the pitfalls that dogged the previous integration processes both have been through in recent years…

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