×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Nokia | Alcatel | Lucent

EU Approves Nokia Acquisition of Alcatel-Lucent

Friday, 24 July 2015 10:14 AM

BRUSSELS (AP) — The European Union has approved the 15.6 billion-euro ($17 billion) acquisition of ailing French telecom company Alcatel-Lucent by Finland's Nokia Corporation following an investigation into whether the deal broke competition rules.

The EU's executive Commission said Friday that there was enough difference between the two firms to not raise major competition concerns.

The Commission said the overlap between the two is very limited with Nokia being a major player in Europe while Alcatel-Lucent is a much bigger player in North America.

The deal puts Nokia among the global market leaders in networks.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The European Union has approved the 15.6 billion-euro ($17 billion) acquisition of ailing French telecom company Alcatel-Lucent by Finland's Nokia Corporation following an investigation into whether the deal broke competition rules.The EU's executive...
EU,Nokia,Alcatel,Lucent
94
2015-14-24
Friday, 24 July 2015 10:14 AM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved