Tag: world’s former

Nokia moves to finalise acquisition of Alcatel-Lucent

HELSINKI, Finland (AFP) — Finnish telecom equipment giant Nokia announced Thursday a plan to complete the acquisition of its former rival, French-American Alcatel-Lucent during the third quarter. The world’s former top mobile phone maker had gained control of 80 percent of Alcatel-Lucent’s shares by January but has struggled to mop up the remaining shareholders to gain full control of the company. Nokia said Thursday it was settling the ownership issue “through privately negotiated transactions”. “Nokia […]