The Traderszone Network

Published in TZ Latest News 4 January, 2016 by The TZ Newswire Staff

Nokia gains control of Alcatel-Lucent

Finland’s Nokia said on Monday it has gained control of French rival Alcatel-Lucent following its 15.6-billion-euro ($17 billion) all-share offer and the two telecom equipment makers would combine on Jan. 14. The French stock market authority said interim results showed Nokia would hold around 79 percent of Alcatel shares. “We will move quickly to combine the two companies and execute our integration plans,” Nokia Chief Executive Rajeev Suri said in a statement.