View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
April 14, 2015

Nokia looks to acquire Alcatel-Lucent’s mobile networks unit

Nokia to boost its wireless business with the deal.

By CBR Staff Writer

Nokia is reportedly planning to acquire French telecom company Alcatel-Lucent’s mobile networks unit, aiming to boost its wireless business in the US and China.

The companies have not yet made any formal announcement regarding the deal, but Reuters cited French business daily Les Echos as saying that the announcement could come soon.

According to reports, by acquiring Alcatel-Lucent’s wireless assets Nokia is expected to get access to Alcatel’s 1.3 billion mobile subscribers in China, while Alcatel’s IP routing business will also help expand Nokia’s portfolio.

Nokia is said to be more interested in Alcatel‘s wireless business unit, but the Finnish multinational is examining a full takeover of the telecom equipment maker, reported Bloomberg.

The telecom unit of Alcatel generated one-third of the group total sales in 2014, which was €4.7bn.

After the sale of its handset business to Microsoft, Nokia has been focusing upon expansion of its networks business, and reportedly Alcatel and Nokia has been in talks for years, where they have revived talks on a possible merger.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU