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Nokia to Buy Alcatel-Lucent, Mulling Options for HERE Maps

Apr 15, 2015, 7:12 AM by Eric M. Zeman

Nokia today said it has agreed to acquire Alcatel-Lucent for $16.6 billion. The combined companies would be a giant in the telecom equipment space with more than 100,000 employees. The terms of the deal will see Nokia acquire all of Alcatel-Lucent's stock, as traded in both France and the U.S. The companies' boards of directors have approved the deal, though shareholders have yet to vote on the acquisition. The deal will also require regulatory approval. The companies expect the deal to close during the first half of 2016. Once combined, the companies will streamline redundant operations, but believe the 40,000 research and development at its disposal employees will be able to make the company a world leader in the connected IP space. Nokia-Alcatel-Lucent will specifically target the development of 5G wireless networks. The largest competitors remaining are Ericsson and Huawei, though ZTE, Samsung, and others make telecommunications equipment, too. In addition to announcing the Alcatel-Lucent deal, Nokia said it has begun a review of strategic options for its HERE Maps business. Nokia acquired Navteq's mapping business in 2007 and turned it into a competitive global company. Nokia's HERE Maps are available to the Android, iOS, and Windows Phone platforms, as well as online, and provide robust driving, walking, and transit directions. Nokia said its review of HERE Maps may or may not result in a transaction.

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mloudt

Apr 16, 2015, 3:15 AM

More importantly Nokia will be back in the wireless hardware business

Next year they can start selling phones under the Nokia name. This gives them a hardware business again. Except this time they will be using android. Based on the comments from Nokia's N1 designed android tablet by Foxconn people will buy a Nokia android phone including myself. Samsung you will be the new old Nokia soon if you keep removing features you stuck with for years like the removable battery and sd card slot. You are asking for LG to take over and to lose a lot of market share morons. Don't be this desperate because profits dropped last year Q4 idiots.

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