Nokia has finally acquired Alcatel Lucent.

Q.  Finnish telecom giant Nokia has finalised acquisition of which telecom rival?
- Published on 03 Nov 16

a. Vodafone
b. AT&T
c. BT
d. None of the above

ANSWER: None of the above
 
Nokia has finally acquired Alcatel Lucent.Finnish telecom giant Nokia on 2nd Nov 2016 has indicated that it has finalised an acquisition of former French American rival Alcatel Lucent.
  • Nokia has struck a deal to purchase the other firm in April 2015 but has struggled to buy up the remaining shares.
  • By January it held a controlling interest of around 7%, but a public exchange offer to buy the rest dragged on as small shareholders held out for a better price.
  • "The closing of the deal today, marked by the purchase of all outstanding Alcatel-Lucent shares, means Nokia will now start eliminating the complexity and costs of running two separate public companies," Nokia said in a statement.
  • In 2013, the company bought 50 percent of its network activities from Germany’s Siemens.
  • Nokia was the world's top mobile phone maker between 1998 and 2011 but was overtaken by South Korean rival Samsung after failing to respond to the rapid rise of smartphones.

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