The much awaited merger of Nokia Corporation (ADR) (NYSE:NOK) and Alcatel Lucent SA (ADR) (NYSE:ALU) might face obstacles after the Finnish company reported its weak quarterly results, according to Reuters.
It was a big contract win for Alcatel Lucent SA (ADR) (NYSE:ALU). The company was awarded a big 4G deal by China Telecom, which would make it one of the three top suppliers of high-speed mobile broadband access.
According to Reuters, French-based company Alcatel-Lucent SA (ADR) (NYSE:ALU), which is to be acquired by tech giant Nokia Corporation (ADR) (NYSE:NOK), has improved its operating margins in the first quarter despite deterioration in US sales.
On Sep 14, Alcatel-Lucent (Euronext Paris and NYSE:ALU) and Chunghwa Telecom, Taiwan's leading service provider, are to commence the world's first commercial deployment of G.fast ultra-broadband access technology, allowing the acceleration of 'last ...