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Nokia agrees EUR 15.6 bln bid for Alcatel-Lucent

2015-04-15 08:23:00| Telecompaper Headlines

(Telecompaper) Nokia and Alcatel-Lucent reached an agreement on the terms of their proposed merger. Nokia will offer 0.55 of its shares for each Alcatel-Lucent share, valuing the company at EUR 15.6 billion or EUR 4.27 per share. This is a premium of 28 percent to the average share price over the three months before the merger talks were announced. Alcatel-Lucent shareholders would own 33.5 percent of the new company, which will continue under the name Nokia. Nokia's current chairman and CEO, Risto Siilasmaa and Rajeev Suri, will continue to lead the company, and the new Nokia will remain headquartered in Finland with a "strong presence" in France. Alcatel-Lucent will have three members on the board of 9-10 members, including the role of vice chairman. Pending approval by Nokia's shareholders and regulators, the takeover is expected to close in the first half of 2016. By 2019, the companies expect to achieve EUR 900 million in operating cost savings from the merger. They also forecast EUR 200 million in savings in interest costs by 2017.

Tags: eur bid nokia agrees

Nokia Alcatel-Lucent deal would make a complementary patent portfolio

2015-04-15 05:47:11| Wireless - Topix.net

The possible acquisition of Alcatel-Lucent of France by Finland-based Nokia would bring together complementary patent portfolios and increase their scale against larger global competitors, analysts said Tuesday. Nokia's patents primarily cover technology used for communications between smartphones and cell towers equipped with base stations that are provisioned with routers and other gear.

Tags: make deal portfolio nokia

This is not a JV: Nokia inks 15.6bn deal for Alcatel-Lucent

2015-04-15 02:00:00| Total Telecom industry news

Rajeev Suri to lead enlarged Nokia, pledges 'not to repeat' mistakes associated with previous mergers; Nokia looks at divestment of Here, other assets.

Tags: deal nokia inks alcatellucent

Nokia, Alcatel-Lucent confirm merger talks

2015-04-14 08:57:00| Telecompaper Headlines

(Telecompaper) Nokia and Alcatel-Lucent confirmed they are in advanced talks on a potential merger. The offer would take the form of a public bid by Nokia for Alcatel-Lucent. Speculation of such a merger resurfaced following reports that Nokia has put its mapping and navigation division Here up for sale. This would leave the company solely focused on network equipment. Bloomberg reported earlier citing people familiar with the matter that Nokia was in advanced negotiations to acquire Alcatel-Lucent's wireless division.

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