Nokia pays $16.6 billion for Alcatel-Lucent
posted by Alan F. / Apr 15, 2015, 9:23 AM
Nokia will give each Alcatel-Lucent stockholder .55 of a Nokia share. That works out to a value of $4.32 for each Alcatel-Lucent share. When the deal closes in the first half of 2016, Alcatel-Lucent stockholders will own 35% of the combined company. Nokia will continue to remain based in Finland under the care of Chairman Risto Siilasmaa and Chief Executive Rajeev Suri. Obviously, there will be some strong ties to France where Alcatel-Lucent is now headquartered. And a vice chairman will be selected from the latter company.
Nokia said that as a result of the deal, it will look to sell some assets including the highly regarded HERE maps business. Rumors that HERE was being shopped started to circulate last week. A combined Nokia-Alcatel-Lucent immediately becomes a competitor to Ericsson, which has the largest market share in the wireless network equipment industry at 40%. Nokia now jumps into the number two slot with 35% of the pie. Huawei, the low-cost leader, owns 20% of the market.
Posts: 326; Member since: Nov 21, 2012
Nokia: I will be back mothafaka :D
posted on Apr 15, 2015, 9:29 AM 15
Posts: 91; Member since: May 06, 2014
all rise mothaf**kha
posted on Apr 15, 2015, 9:39 AM 4
Posts: 1016; Member since: Dec 19, 2014
So today's nokia has nothing to do with the nokia we once knew. Sad... This is what happens when continue making sh*ty business decisions.
posted on Apr 15, 2015, 9:38 AM 2
Posts: 542; Member since: Aug 29, 2014
Not sure if good or bad news. French are such slackers at work and extremely hard to get rid of.
posted on Apr 15, 2015, 9:58 AM 1
Posts: 32; Member since: Jun 28, 2014
So now three companies will control 95% of the world market.
posted on Apr 15, 2015, 10:09 AM 1
Posts: 252; Member since: Feb 12, 2015
It's good news... Survival of the fittest it's basically what Nokia is trying to do here. Go for it Nokia, the % of failing is quite low in this business since there isn't an INSANE competition compared to say Android OEMS.
posted on Apr 15, 2015, 10:25 AM 1
Posts: 755; Member since: Jun 01, 2013
phone arena you call nsn smallest company really? nsn is third behind erricson and huawei and after this deal it will become second with 35% share. dont forget nsn power carrier with fastest internet in the world like those of korea
posted on Apr 15, 2015, 1:57 PM 1
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