Nokia has received approval from the European Commission (EC) for its pending acquisition of rival networking provider Alcatel-Lucent, without conditions. Approval by the EC follows previously disclosed antitrust clearances in Brazil and Serbia and the expiration of the antitrust review period in the United States. In addition, the parties confirmed they have received further antitrust clearances from Albania, Canada, Colombia and Russia. Both companies will continue to cooperate with the remaining authorities to close their reviews as quickly as possible. The transaction remains subject to approval by Nokia shareholders, Nokia holding over 50.00% of the share capital of Alcatel-Lucent on a fully diluted basis upon completion of the public exchange offer, receipt of other regulatory approvals and other customary conditions. The transaction is expected to close in the first half of 2016.
Finland-based Nokia currently focuses on three main businesses: Nokia Networks (network infrastructure software, hardware and services); HERE (location intelligence); and Nokia Technologies (advanced technology development and licensing).
France-based Alcatel-Lucent currently claims that, among its various networking sectors, it is the number one supplier in xDSL fixed broadband access with 42% market share based on ports shipped in 2014, while also claiming the number three spot in gigabit passive optical network (GPON) fibre access technology based on ports shipped with 22% market share in 2014. In the Radio Access Networks (RAN) supplier market, Alcatel calculated it had a 12% market share based on revenues in 2014, putting it in number four position, while among its core/IP networking segments, it claimed second place in ‘total routing (global)’ with 21% market share based on 2014 revenues.