Europe Approves Nokia’s Purchase of Alcatel-Lucent

Posted by at 9:03 am on July 24, 2015

nokia-logoThe European Commission today gave Nokia permission to move forward with its acquisition of rival Alcatel-Lucent.

Following its initial review, the Commission approved the deal without placing any conditions on the terms.

The acquisition still needs to be approved by Nokia’s shareholders and antitrust regulators in a handful of other countries.

Nokia expects the complete the deal during the first half of 2016.

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