Industry & Business

Nokia gains control of Alcatel-Lucent

 Breaking News
  • Fine Grain invests €35m in Limerick office scheme for 400 staff Fine Grain Property, an Irish-Singaporean commercial property vehicle, is investing €35 million in a new office development for 400 staff at a Limerick business park used by IDA Ireland to attract technology multinationals. The new four-storey development at the IDA National Technology Park in Plassey, 6km from Limerick city centre, will take 12 months to construct, Fine Grain [...]...
  • International Appetite Fed at First Birmingham Brexit Event With so many questions addressed at the first in a series of dedicated Brexit Seminars held in Birmingham, interest amongst its international delegation remains high, with the second Brexit Seminar planned for Wednesday 27th June 2018.   Sectors and countries represented at February’s event encompassed food businesses and non-food importers, Embassies, logistics providers and consultants from the [...]...
  • TSM’s Shane O’Callaghan: ‘The key to IIoT is to keep it beautifully simple’ The rise of industry 4.0 and the industrial internet of things presents lots of unexpected business opportunities, says TSM Control Systems’ Shane O’Callaghan. Shane O’Callaghan is business unit leader of Insight at TSM Control Systems. He joined the company in 2008 as a business analyst and then became sales manager for Europe. TSM Control Systems was founded in [...]...
  • Fine Grain Property acquires 60,000 square feet office development in Cork Airport Business Park New Year, new acquisition! Fine Grain Property is delighted to announce it has acquired a 60,000 square feet office development in Cork Airport Business Park. Plans are already afoot to carry out some important improvements to the Building that will benefit its existing tenants, including Aviva, Aon Hewitt, JLT and Genesis. In addition, a significant [...]...
  • Irish Technology Sector Has Overtaken Agriculture With 130,000 people now employed, the technology sector has overtaken agriculture as Ireland’s largest industry, according to Ken Finnegan (pictured above), formerly Chief Technology and Research Advisor for IDA Technology Ireland and now Director of Technology & Innovation for the about to be opened Harbour Innovation Campus at Dún Laoghaire. About 15,000 of these tech [...]...

Nokia gains control of Alcatel-Lucent

Nokia gains control of Alcatel-Lucent
January 04
14:19 2016

Nokia Corp. has secured the authorization from France’s securities watchdog for its 15.6 billion euro takeover offer for Alcatel-Lucent SA, clearing the way for the integration of the two telecom-equipment suppliers.

Nokia said that the French stock market authority has declared the offer successful, with interim results showing that Nokia would hold around 79pc of Alcatel shares.

“The two companies will begin to progress their integration plans, with the first day as an operationally combined group on January 14, 2016,” Nokia said in a statement.

Nokia’s acquisition of Alcatel-Lucent announced in mid-April aims to position the company to better compete with market leader Ericsson  and low-cost Chinese powerhouse Huawei, by forging a strong number two in mobile with a more complete product line.

With about 114,000 employees and sales of around €26bn, the combined company will rank a strong second in mobile equipment, with global market share of 35pc, behind Ericsson at 40pc and ahead of Huawei’s 20pc, according to Bernstein Research cited by Reuters in April.

The new Nokia will have stronger exposure to the important North American market, with major AT&T and Verizon contracts.

It will also fill gaps in its product portfolio with Alcatel-Lucent’s technology in optical transmission and Internet routers, which help telecom operators handle the ever-increasing volume of data brought on by users surfing the web on their smartphones and watching Netflix at home.

Nokia Corporation is a Finnish multinational communications and information technology company, founded in 1865. Nokia is headquartered in Espoo, Uusimaa, in the greater Helsinki metropolitan area.

Alcatel-Lucent S.A. is a French global telecommunications equipmentcompany, headquartered in Boulogne-Billancourt. The company focuses on fixed, mobile, and converged networking hardware, IP technologies, software and services, with operations in more than 130 countries.

About Author



Related Articles

New Subscriber

Subscribe Here


National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories

Upcoming Events

  • No upcoming events
AEC v1.0.4