Saturday, June 11, 2016
Nokia now owns 91% of Alcatel-Lucent, merger underway
Back in April last year Nokia announced it will acquire Alcatel-Lucent for €15.6 billion (an all-stock deal).
Now the Finnish company has announced that it controls 91% of Alcatel-Lucent shares after the second round of the transaction. The two companies have already started combining operations.
Nokia will need 95% before it can complete the acquisition.
By the way, "Alcatel" here is a different company than the one that makes the phones - those are made by TCL, which licenses the name.
Credit to GSMARENA
