Rajeev Suri, the chief executive of Nokia, revealed that the network equipment manufacturer has launched a public exchange offer for a majority stake in Alcatel-Lucent in a press conference on 17 April 2015.Nokia is on the edge of acquiring nearly 80 per cent of shares in its French competitor, Alcatel-Lucent.

The network equipment manufacturer announced on Monday that its 15.6 billion euro public exchange offer for shares in Alcatel-Lucent in France and the United States has received a preliminary approval from Autorité des Marchés Financiers (AMF), the regulator of French financial markets.

AMF published the interim results of the initial offer period on Monday. The final results of the offer period are scheduled for publication in February, according to Reuters.

“We're delighted that the offer has been successful and that Alcatel-Lucent's investors share our confidence in the future of the combined company. We will move quickly to combine the two companies and execute our integration plans,” Rajeev Suri, the chief executive of Nokia, states in a stock exchange release.

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- Nokia to take over Alcatel-Lucent (17 April 2015)

The scope and scale of the end-to-end portfolio to be offered by Nokia and Alcatel-Lucent will meet the needs of customers around the world, he affirms.

“We will have unparalleled R&D and innovation capabilities, which we will use to lead the world in creating next-generation technology and services.”

Nokia announced its plans to acquire Alcatel-Lucent in an all-share deal in the second quarter of last year. The network equipment maker declared on Monday that if it manages to acquire 95 per cent of the outstanding shares and convertible bonds in Alcatel-Lucent, it also intends to squeeze out the remaining shares.

Aleksi Teivainen – HT
Photo: Markku Ulander / Lehtikuva