Finnish Telecom Group Nokia receives approvals for acquisition of Alcatel-Lucent
Q. Finnish Telecom Group Nokia announced on 14th September 2015 that it has received US regulatory approvals for proposed acquisition of which company?- Published on 16 Sep 15a. Alcatel Lucent
b. Siemens
c. Symantecs
d. Hewlett Packard
ANSWER: Alcatel Lucent
Finnish telecom group Nokia announced receipt of US regulatory approvals needed for its proposed acquisition of Alcatel-Lucent, moving to become world's biggest supplier of mobile phone network equipment. Following its previous anti-trust clearance from the US Justice department, the acquisition of the French-American company has now also been cleared by the Committee on Foreign Investment in the United States (CFIUS), Nokia announced in a statement. In the month of April, Nokia formed a 15.6 billion euro ($17.6 billion) deal to buy its troubled competitor Alcatel-Lucent, which only had one year of profit since the company was created in 2006.The tie-up was approved by the European Commission in July.
