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Nokia buys Alcatel-Lucent for $16.6 billion

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Nokia will issue 0.55 shares of stock for every outstanding Alcatel-Lucent share, giving Alcatel-Lucent shareholders 33.5% of the merged company when the transaction is complete. Nokia shareholders will own 66.5 percent of the new outfit.

Though Nokia will remain its Headquarters in Finland, it will maintain strong research facilities in France and nominate a vice chairman from Alcatel-Lucent.

The acquisition of the ailing French telco which has been making losses will see Nokia emerge as a top network equipment manufacturer against the likes of Ericsson and Huawei. Nokia shofted focus to networks after selling its smartphone business to Microsoft.

 

 

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Sam Wakoba
Sam Wakobahttp://techmoran.com
Based in Nairobi, Kenya, Sam Wakoba is a pan-African technology journalist, author, entrepreneur, technology business mentor, judge, educationalist, and a sought-after speaker and panelist across Africa’s innovation ecosystem. He is the convenor of the popular monthly #TechNight evening event and the #StartupEast Awards and Conference, platforms that bring together startup founders, developers, entrepreneurs, investors, content creators, and tech professionals from across the continent. For more than 16 years, Sam has reported on and analysed Africa’s technology landscape, covering some of the continent’s most impactful, and at times controversial policies, programs, investors, co-founders, startups, and corporations. His work is known for its independence, depth, and fairness, with a singular goal of helping build and strengthen Africa’s nascent technology ecosystem. Beyond journalism, Sam is a business analyst and consultant, working with brands, universities, corporates, SMEs, and startups across East Africa, as well as international companies entering the East African market or scaling across Africa. In his free time, he volunteers as a consulting editor and fintech analyst at Business Tech Kenya, a business, technology, and data firm that publishes reports, reviews, and insights on business and technology trends in Kenya. Follow him on X: @SamWakoba

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