The agreement Nokia said yesterday it was working hard on that now official. After two years of discussions, Nokia and Alcatel-Lucent have joined hands in a transaction of $ 16.6 billion that will combine two smaller companies network equipment in Europe. As we noted yesterday, the new company will now be better equipped no pun intended to take industry leader Ericsson and other leading companies such as Huawei.
Nokia will give each shareholder Alcatel-Lucent 0.55 shares of Nokia. That equates to a value of $ 4.32 per share of Alcatel-Lucent. When the deal to close in the first half of 2016, Alcatel-Lucent shareholders will own 35% of the combined company. Nokia will continue to be based in Finland under the care of Risto Siilasmaa President and CEO Rajeev Suri. Obviously, there are some strong ties to France, where Alcatel-Lucent is now headquartered. And a vice president shall be elected from that firm.
Nokia said that as a result of the operation, it will look to sell some assets including the prestigious business HERE maps. Rumors that here was bought began circulating last week. A combined Alcatel-Lucent Nokia-immediately becomes a competitor Ericsson, which has the largest market share in the industry of wireless networking equipment by 40%. Nokia now jump in the number two with 35% of the pie. Huawei, a leading low-cost, owns 20% of the market.
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