View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
January 4, 2016updated 31 Aug 2016 12:05pm

Regulator go-ahead gives Nokia control of Alcatel-Lucent

News: Nearly 80 percent of the shares are now owned by Nokia.

By Alexander Sword

Nokia‘s bid for Alcatel-Lucent has been declared successful, with the networking giant taking control of nearly 80 percent of its former rival.

Autorité des Marché Financiers, the French stock market authority, declared Nokia’s offer successful in a statement as it published the interim results of the initial offer period. Nokia will now hold 79.32 percent of the share capital and at least 78.97 percent of the voting rights of Alcatel-Lucent.

The offer’s completion was subject to the number of Alcatel-Lucent securities validly tendered in it representing over 50 percent of the shares on a fully diluted basis, a condition which has been met.

Nokia said in a statement that it intends to squeeze out the remaining shares if it reaches 95 percent ownership of share capital and voting rights of Alcatel-Lucent.

Rajeev Suri, President and CEO of Nokia, said: "We will move quickly to combine the two companies and execute our integration plans.

"We will have unparalleled R&D and innovation capabilities, which we will use to lead the world in creating next-generation technology and services."

Suri added that the two companies would offer an end-to-end portfolio from 14 January 2015.

Content from our partners
A hybrid strategy will help distributors execute a successful customer experience
Amalthea leverages AI and automation to improve yield while minimising waste and costs
How AI is unlocking valuable opportunities in the insurance industry

Nokia plans to carry out a €7 billion programme to optimise its capital structure, which will see around €4 billion in distributions to Nokia shareholders.

In the global networking market, according to figures from Gartner from April 2015, Ericsson held roughly 17 percent of the market while Huawei held 16.1 percent. The combination of Alcatel-Lucent and Nokia, with shares of 8.7 percent and 8.2 percent respectively, will make them a comparable player.


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.