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Nokia just bought Alcatel-Lucent for $16.6 billion


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Nokia could soon be the largest maker of mobile phone network equipment in the world ahead of Ericsson and Huawei. It just acquired French telecom equipment maker Alcatel-Lucent for 15.6 billion euros ($16.6 billion), or more than double the $7 billion Microsoft paid for its Windows Phone handset arm. The Finnish company also acquired Alcatel-Lucent's famous Bell Laboratories (established by Alexander Graham Bell in 1880) along with its numerous patents.

Nokia won't be jumping into the Android business. Alcatel Mobile Phones (which makes the OneTouch and other devices) was originally a joint venture between Alcatel-Lucent and China's TCL -- and it's now 100 percent owned by TCL. Also, Nokia took pains to point out that while the merged business would be headquartered in Finland, France will remain "a vibrant center of the combined company

Nokia said it may also sell off its Here mapping division to focus on the network business, but would only do it if the price was right. It was reportedly considering a sale to a German automaker consortium and even Uber,

 

source :

http://www.engadget.com/2015/04/15/nokia-just-bought-alcatel-lucent-for-16-6-billion/
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