Nokia- Alcatel Lucent deal: General information

Summary of the possible combined company
Rajeev Suri, president and chief executive officer of Nokia.
Rajeev Suri, president and chief executive officer of Nokia.

Share

Nokia and Alcatel Lucent are in talks to merge. Check some general information about the transaction below:

NOKIA- ALCATEL LUCENT DEAL: TRANSACTION OVERVIEW

NOKIA TO BUY ALCATEL LUCENT

The new company will be called Nokia Corporation.

The company headquarters will be in Finland and it will have a strong presence in France.

Risto Siilasmaa is planned to serve as chairman, and Rajeev Suri as chief executive officer. There will be a combined company's board of directors. It is planned to have nine or ten members, including three members from Alcatel-Lucent, one of whom would serve as vice chairman.

The proposed transaction is expected to close in the first half of 2016.

The offer values Alcatel-Lucent at EUR 15.6 billion on a fully diluted basis.

Alcatel-Lucent shareholders would own 33.5% of the fully diluted share capital of the combined company, and Nokia shareholders would own 66.5%, assuming full acceptance of the public exchange offer.

Alcatel-Lucent's Bell Labs and Nokia's FutureWorks, as well as Nokia Technologies, will stay as separate entities with a clear focus on licensing and the incubation of new technologies.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story