Nokia announced today that it will purchase Alcatel-Lucent (NYSE: ALU) for $16.6 billion. The deal will reestablish the European vendor's presence in the wireline space, an area that it largely left behind in recent years to solely focus on wireless.
Nokia agreed to purchase Alcatel-Lucent in a $16.6 billion (€15.6 billion) deal that would form a powerhouse to rival Ericsson and Huawei in the global market for telecom equipment. In the United States, the deal could create a company that could challenge Ericsson's leading position.
Nokia said it is to buy Alcatel-Lucent in a deal that values the France-based company at €15.6 billion ($16.6 billion) and creates a new European powerhouse in the telecoms equipment market.
Just a day after announcing they were in "advanced discussions with respect to a potential full combination," Nokia and Alcatel-Lucent on Wednesday revealed full details of their plans to combine under the Nokia brand, with headquarters in Finland, a strong presence in France and Nokia boss Rajeev Suri as CEO.
Nokia confirmed reports that it is in advanced talks to purchase rival Alcatel-Lucent. The combined company would create a telecom power player better equipped to compete with market leader Ericsson and Chinese rivals Huawei and ZTE.
Nokia and Alcatel-Lucent confirmed they are in talks for Nokia to acquire Alcatel-Lucent in a merger that could give the combined company more fighting weight against Ericsson and Huawei in the network gear market. According to research firm IDC, the combined company would become the world's largest wireless network equipment vendor.
Nokia is considering selling its HERE mapping unit to focus more on wireless network gear, according to multiple reports.
ATLANTA--T-Mobile US affiliate iWireless plans to launch its first LTE network in Iowa late in the third quarter of this year and struck a nationwide LTE roaming deal with T-Mobile. However, iWireless CEO Craven Shumaker said the company is exploring additional LTE roaming deals.
A lot has been made of the industry's focus on 5G, a technology that has yet to be formally defined. But National Instruments is being, well, instrumental in forming--and proving--the types of technologies that eventually will get written in the standard.
At last week's Mobile World Congress conference in Barcelona, Spain, T-Mobile announced that it will deploy Licensed Assisted Access (LAA) in the 5 GHz unlicensed spectrum band in 2016. The operator, which is working with multiple vendors, also demonstrated LAA capabilities at the show with Nokia Networks. Sue Marek, editor in chief of FierceWireless, spoke with T-Mobile CTO Neville Ray and Ricky Corker, EVP of North American markets for Nokia Networks, about the growing momentum around LAA in the United States.