Nokia to acquire Alcatel-Lucent for 15.6 billion Euros

Nokia has announced that it will acquire French global telecommunications equipment company, Alcatel-Lucent, for 15.6 billion Euros.

Nokia and Alcatel-Lucent’s planned merger is an attempt to create an innovation leader when it comes to networking technology and services. The new company will be called Nokia Corporation and will be headquartered in Finland with stronge presence in France.

The combined company is positioned to “accelerate development of future technologies including 5G, IP and software-defined networking, cloud, analytics as well as sensors and imaging.” In addition, it will take advantage of Alcatel-Lucent’s Bell Labs, and Nokia’s FutureWorks, as well as Nokia Technologies, which will stay as a separate entity.

“Together, Alcatel-Lucent and Nokia intend to lead in next-generation network technology and services, with the scope to create seamless connectivity for people and things wherever they are.” said Rajeev Suri, President and Chief Executive Officer of Nokia.

source: Nokia

11 Comments

Gorio says:

10 years ago

Guys, this is purely on the network side of Nokia’s business targeting enterprise customers. The move was strategic and is aimed at challenging incumbent Ericsson and to some extent, Huawei, in global telecom equipment. Don’t confuse the deal as having any implications towards consumer mobile devices. $0.2.
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Zobel says:

10 years ago

TCL6only licenses the name from Alcatel (why would anyone be moronic enough to do that is beyond me.) And Nokia is only not allowed to make smartphones for 10 years after the deal with the devil, err, Microsoft. So pwede talaga nilang gamitin ang Alcatel as a launch pad for their over priced phones. –
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lol says:

10 years ago

nokia is allowed to release smartphones under their brand as early as next year if i remember correctly. tcl did not license the alcatel name, its a joint venture with alcatel-lucent.

again this deal is for telecommunications equipment NOT handset manufacturing. nokia has already exited that business and has only shown openness in licensing their brand name, not establishing a new devices division.

Windows iDroid says:

10 years ago

Network Infrastructure division po yang mga yan ah tsaka Alcatel-Lucent is not Alcatel na yung phone, hindi sila may ari nun TCL na, wag i-connect yung Alcatel na phones sa Alcatel-Lucent. Mamaya sabihin niyo “Ayun Nokia na gagawa ng mga Alcatel na phones!” again Network Infrastructures.
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dothackjhe says:

10 years ago

Thanks for clarifying that.

goryo says:

10 years ago

guys, I think this is not related to mobile devices but rather on the network element side. yung mobile phone division of nokia is already sold to microsoft right? any ideas?
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Takenote says:

10 years ago

Take note nowadays there is no such thing as Nokia phones! Binili na po un ng Microsoft.. Telecom po nila pinaguusapan natin
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Michael says:

10 years ago

so what’s really the plan? Nokia once the top phone maker.
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lol says:

10 years ago

lol people are connecting this to nokia making consumer devices again. this concerns network equipment, not the alcatel phones you know.
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Zobel says:

10 years ago

This could impact the joint venture with TCL. If not magmamahal na naman ang phones nila. Which would lead to lower sales. Which would lead to financial struggling for Nokia. Again.
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Noir says:

10 years ago

Hmm I like the Idea for Alcatel since the Nokia service centers nad warranty should be better
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