Friday, 24 July 2015

EU signs off on Nokia purchase of Alcatel-Lucent

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

Clearing of the purchase by the European Commission followed previously disclosed antitrust approval procedures in Brazil and Serbia and the expiration of the antitrust review period in the United States. In addition, the parties confirmed that they had received further antitrust clearances from Albania, Canada, Colombia and Russia.


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