Rajeev Suri

Home | Telecom | Telecom News Nokia Shareholders Give Green Light to Alcatel-Lucent Acquisition by Gadgets 360 Staff , 3 December 2015 Nokia shareholders have overwhelmingly approved the acquisition of ailing French telecom Alcatel-Lucent, removing one of the last hurdles to the EUR 15.6 billion (roughly Rs. 1,10,240 crores) deal that will make the Finnish company a market leader in networks.
The authorisation for the Nokia board to finalise the takeover came at an extraordinary general meeting Tuesday following last month's launch of a public exchange offer for all outstanding Alcatel shares. In October, Nokia said it would pay EUR 4 billion to shareholders as the company raised its outlook for the year.
CEO Rajeev Suri said he was delighted by shareholders recognizing the “long-term value creation opportunity” of the deal, expected to close during the first quarter of 2016.
After the approval, the last remaining step for the Finnish group is to conclude its public exchange offer..