Nokia announced it has taken control of Alcatel-Lucent after receiving approval from France's securities watchdog agency for the $17 billion deal. Nokia will hold nearly 80 percent of its former rival, and the companies will begin working "as an operationally combined group" on Jan. 14.
Nokia said it has gained control of Alcatel-Lucent following a successful public exchange offer that will see the Finnish telecoms equipment manufacturer hold almost 80 per cent of its former rival.
In case there was any doubt, Bell Labs conducted a study that reveals that communications service providers can reduce their operating costs by up to 40 percent by virtualizing complex functions currently deployed on residential gateways into the network cloud.
Alcatel-Lucent said fresh collaboration agreements with Red Hat, Advantech and 6Wind will boost its ability to meet service providers' large scale performance and reliability requirements by improving its virtualised RAN (vRAN) products.
Verizon CEO Lowell McAdam said that the carrier expects to be able to offer 5G wireless speeds up to 1 Gbps, and that he expects the company to begin a commercial test of the technology as early as next month at the carrier's Basking Ridge, N.J., headquarters.
A silver lining in the third quarter router market could be found in the core segment, where revenues climbed 10 percent, according to a new Infonetics IHS report.
Alcatel-Lucent, Juniper and ZTE router sales jumped in the third quarter as shipments at these three companies to service provider customers outpaced the market, says Dell'Oro Group in a new report. According to the research firm, core router sales rose 9 percent year-over-year, following strong growth in the second quarter of 2015.
Nokia said it expects to close the sale of its Here navigation business to a consortium of auto makers ahead of schedule, in an announcement made a day after its shareholders gave the green light to its planned merger with Alcatel-Lucent.
Alcatel-Lucent said Orange Romania will be able to provide enhanced 4G services to its subscribers, after the infrastructure provider won a contract to upgrade the operator's long-haul microwave backhaul transport network.
Researchers at Houston's Rice University won $2.4 million from the National Science Foundation (NSF) to conduct research into the use of massive multi-user, multi-input multi-output (MU-MIMO) for upcoming 5G standards.