• Home
  • News
  • Nokia Acquires Alcatel-Lucent

Nokia Acquires Alcatel-Lucent

Things have not been going pretty well for Nokia lately. After its smartphone and tablet divisions were sold to Microsoft, the company, which once was the biggest and by far the most reliable phone manufacturer in the world, found itself overboard. As we all know, Nokia is difficult to kill and the company proved it once again after it announced the acquisition of the French telecom equipment manufacturer – Alcatel-Lucent. The deal was sealed for a whooping price of $16.6 billion, which is twice as much as the sum which Microsoft paid for the Lumia brand.

The merger is said to be finished next year with the two companies gathering under Nokia banners. The Finnish company also acquired Bell Laboratories and a number of patents which once belonged to Alcatel-Lucent; however, Bell labs will preserve the Alcatel brand. According to Nokia, "the combined company will be in a position to accelerate development of future technologies including 5G... as well as sensors and imaging."

The ambitious deal hit Nokia in the pocket and that is why the company also announced a possible sell of Here Maps division. According to Bloomberg, the list of potential buyers includes Uber Technologies Inc. and “a group of German carmakers."

Comments