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EU: Nokia, Alacatel-Lucent ready to begin operating as merged company

By  |  January 4, 2016

Nokia Corp. has the green light from France’s securities watchdog to go ahead with its $17 billion takeover offer for Alacatel-Lucent SA.

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    The Wall Street Journal reported the approval clears the way for the integration of the giant telecom-equipment suppliers.

    Nokia said on Monday that the companies will begin working as an operationally combined unit on Jan. 14. Previously, Nokia had received approval from U.S. and European antitrust regulators, the Journal reported.

    Nokia employs roughly 1,500 people at its Irving office, 6000 Connection Drive. Alcatel-Lucent does not release local employment information, but the most-recent records show that it employed roughly 2,000 people in Plano in 2013, according to the Plano Chamber of Commerce.

    Full content: The Wall Street Journal

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