business
Tuesday, April 14, 2015
The former mobile phone giant Nokia is after the sale of the mobile phone business, only a network specialist. But now the Finns want to return to its former size. Apparently a corporate marriage to the French competitor Alcatel-Lucent is planned.
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In the highly competitive business of network equipment is a big deal in Europe is looming. Nokia and the French network equipment supplier Alcatel-Lucent are to join forces. The Finnish company, which mainly makes its money by selling the mobile phone business to Microsoft with telecommunications equipment, confirmed appropriate media reports.
How Nokia announced that both companies carry on conversations that are already in an advanced stage. This would include the possibility of a full merger in the form of a public takeover bid for Alcatel-Lucent by Nokia. “At this stage there is no certainty that these discussions lead to an agreement or transaction,” Nokia but curtailed.
The shares of Alcatel-Lucent responded after confirming the start of trading at a price jump of 12 , 5 percent to 4.34 euros. The other hand, Nokia shares lost more than six percent.
More aboutBefore the Bloomberg news agency had reported on a possible deal. Analyst Mikael Rautanen of Inderes said, a concentration results make sense. By buying Nokia could increase its market share and hence economies of scale. At the same time, the analyst warned that acquisitions in the telecom equipment sector are risky. In addition, disagreements about the price or conditions imposed by the French government could still lead to the fact that a deal is not reached. Currently established Western providers are under increased pressure aggressive rivals from China.
Source: n-tv.de
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