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Nokia now owns 80% of Alcatel-Lucent after successful public exchange offer

The incremental progress of Nokia’s Alcatel-Lucent acquisition continues following the completion of the initial public exchange offer, resulting in Nokia now holding nearly 80% of outstanding A-Lu shares.

Scott Bicheno

January 4, 2016

1 Min Read
Nokia Alcatel Lucent

The incremental progress of Nokia’s Alcatel-Lucent acquisition continues following the completion of the initial public exchange offer, resulting in Nokia now holding nearly 80% of outstanding A-Lu shares.

Alcatel-Lucent is listed in both France and the US, further complicating the convoluted process required for one public multinational to acquire another. In this case the French stock market authority, Autorité des Marchés Financiers, is the main facilitator and it oversaw a whole bunch of arcane manoeuvring of minimal interest to anyone outside of the financial sector, but which seems to have gone well.

“We are delighted that the offer has been successful, and that Alcatel-Lucent’s investors share our confidence in the future of the combined company,” said Rajeev Suri, President and CEO of Nokia.

“We will move quickly to combine the two companies and execute our integration plans. As of January 14, 2016, Nokia and Alcatel-Lucent will offer a combined end-to-end portfolio of the scope and scale to meet the needs of our global customers. We will have unparalleled R&D and innovation capabilities, which we will use to lead the world in creating next-generation technology and services.”

While Nokia is looking to get the ball rolling ASAP in 2016 history shows much of the year may be spent doing boring things like integrating, streamlining and other corporate calisthenics. As anticipated in the Telecoms.com 2016 predictions Nokia’s competitors will probably take this opportunity to bolster their end-to-end offerings too.

About the Author(s)

Scott Bicheno

As the Editorial Director of Telecoms.com, Scott oversees all editorial activity on the site and also manages the Telecoms.com Intelligence arm, which focuses on analysis and bespoke content.
Scott has been covering the mobile phone and broader technology industries for over ten years. Prior to Telecoms.com Scott was the primary smartphone specialist at industry analyst Strategy Analytics’. Before that Scott was a technology journalist, covering the PC and telecoms sectors from a business perspective.
Follow him @scottbicheno

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