A PYMNTS Company

EU: Commission gave its nod for Nokia’s acquisition of Alcatel-Lucent

By  |  July 26, 2015

Nokia announced that it has received approval from the European Commission for its pending acquisition of Alcatel-Lucent. The proposed acquisition was notified to the European Commission on June 19, 2015 and was cleared on July 24, 2015 without conditions following a Phase 1 review.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Approval by the European Commission follows previously disclosed antitrust clearances in Brazil and Serbia and the expiration of the antitrust review period in the United States. In addition, both Nokia and Alcatel-Lucent confirmed that they have received further antitrust clearances from Albania, Canada, Colombia and Russia. Both companies will continue to cooperate with the remaining authorities to close their reviews as quickly as possible.

    The transaction remains subject to approval by Nokia shareholders.

    Full content: 24/7 Wall Street

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.