{"id":12105,"date":"2015-10-21T11:29:11","date_gmt":"2015-10-21T11:29:11","guid":{"rendered":"http:\/\/www.pricepony.com.my\/blog\/?p=12105"},"modified":"2015-10-27T05:36:02","modified_gmt":"2015-10-27T05:36:02","slug":"china-approved-nokias-17-6bn-dollar-acquisition-of-alcatel-lucent","status":"publish","type":"post","link":"https:\/\/www.pricepony.com.my\/blog\/china-approved-nokias-17-6bn-dollar-acquisition-of-alcatel-lucent\/","title":{"rendered":"China approved Nokia&#8217;s 17.6bn dollar acquisition of Alcatel-Lucent"},"content":{"rendered":"<p>Nokia is coming back and coming to China, the biggest market of the world. Specifically, China approved Nokia Oyj\u2019s 17.6 billion dollar takeover of the French wireless-network rival Alcatel-Lucent SA. Besides, the last important antitrust approval necessary before the acquisition will be likely to be completed next year.<\/p><div style=\"float: none; display: block; margin: 0 -10px; text-align: center;\"><!-- New Top AD MY Mobile 1 -->\n        <ins class=\"adsbygoogle\"\n             style=\"display:inline-block;width:320px;height:100px\"\n             data-ad-client=\"ca-pub-4796993490224996\"\n             data-ad-slot=\"2390501667\"><\/ins>\n        <script>\n        (adsbygoogle = window.adsbygoogle || []).push({});\n        <\/script><\/div><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-11923 size-medium\" src=\"http:\/\/www.pricepony.com.my\/blog\/wp-content\/uploads\/2015\/10\/nokia-1020-808-n8-2013-07-12-13-300x200.jpg\" alt=\"Nokia world's records\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.pricepony.com.my\/blog\/wp-content\/uploads\/2015\/10\/nokia-1020-808-n8-2013-07-12-13-300x200.jpg 300w, https:\/\/www.pricepony.com.my\/blog\/wp-content\/uploads\/2015\/10\/nokia-1020-808-n8-2013-07-12-13-640x426.jpg 640w, https:\/\/www.pricepony.com.my\/blog\/wp-content\/uploads\/2015\/10\/nokia-1020-808-n8-2013-07-12-13-165x111.jpg 165w, https:\/\/www.pricepony.com.my\/blog\/wp-content\/uploads\/2015\/10\/nokia-1020-808-n8-2013-07-12-13-240x159.jpg 240w, https:\/\/www.pricepony.com.my\/blog\/wp-content\/uploads\/2015\/10\/nokia-1020-808-n8-2013-07-12-13.jpg 800w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p style=\"text-align: left;\"><em>\u201cThe clearance in China completes the material antitrust review process required for the transaction,\u201d<\/em>\u00a0said Nokia. Finally Nokia made it after keenly waiting for the Chinese clearance. At first, the company worried that the local authorities would delay the deal since some big telecoms equipment providers such as Huawei and ZTE might be directly much affected by the agreement between Alcatel-Lucent (a French company) and Nokia (Finnish) businesses.<\/p>\n<p style=\"text-align: left;\">With this decision by China\u2019s Ministry of Commerce, it\u00a0helps Nokia broaden its product offering and reduce costs when taking on Sweden\u2019s Ericsson AB and China\u2019s Huawei Technologies Co. In addition, it is said that Nokia expects the deal to be completed in the H1 of 2016, which is also the year seeing the Nokia comeback.<\/p><div style=\"float: none; display: block; margin: 0 -10px; text-align: center;\"><!-- MY End of Content -->\n            <ins class=\"adsbygoogle\"\n                 style=\"display:inline-block;width:300px;height:250px\"\n                 data-ad-client=\"ca-pub-4796993490224996\"\n                 data-ad-slot=\"7887885268\"><\/ins>\n            <script>(adsbygoogle = window.adsbygoogle || []).push({});<\/script>\n            <!-- MY News Mobile Middle -->\n                                <ins class=\"adsbygoogle\"\n                                     style=\"display:inline-block;width:300px;height:250px\"\n                                     data-ad-client=\"ca-pub-4796993490224996\"\n                                     data-ad-slot=\"3890141663\"><\/ins>\n                                <script>\n                                (adsbygoogle = window.adsbygoogle || []).push({});\n                                <\/script><\/div><\/p>\n<p><em>&#8220;It should not be an issue at all as Nokia has already taken firm employment engagement in France,&#8221;<\/em> said Sebastien Sztabowicz, an analyst at Kepler Cheuvreux. He also added that the filing of the public exchange offer for Alcatel-Lucent securities and an approval from the Nokia&#8217;s shareholders (needing\u00a050 per cent of votes to be passed) would be the next step.<\/p>\n<p style=\"text-align: left;\"><em>\u201cNokia and Alcatel-Lucent will continue to co-operate with the French government to obtain formal approval from the Ministry of Economy, after which Nokia will proceed with the filing of the previously announced public exchange offer for Alcatel-Lucent securities,\u201d <\/em>said Nokia.<\/p>\n<p style=\"text-align: left;\">With this news and others related to Nokia these days, it is like Nokia is really beginning getting back on track. Hope that they will have good business in China as well in other parts of the world!<\/p>\n<div class=\"903844ba193d23ab2be2617b0fd6a8be\" data-index=\"3\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<!-- MY End of Content -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:300px;height:250px\"\r\n     data-ad-client=\"ca-pub-4796993490224996\"\r\n     data-ad-slot=\"7887885268\"><\/ins>\r\n<script>(adsbygoogle = window.adsbygoogle || []).push({});<\/script>\n<\/div>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Nokia is coming back and coming to China, the biggest market of the world. Specifically, China approved Nokia Oyj\u2019s 17.6 billion dollar takeover of the French wireless-network rival Alcatel-Lucent SA. Besides, the last important antitrust approval necessary before the acquisition will be likely to be completed next year. \u201cThe clearance in China completes the material [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-12105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China approved Nokia&#039;s 17.6bn dollar acquisition of Alcatel-Lucent - Price Pony Malaysia<\/title>\n<meta name=\"description\" content=\"Nokia is coming back and coming to China, the biggest market of the world. 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