The deal between Nokia and Alcatel-Lucent is almost drawing to a close. The European Commission has given its approval to the Finnish company to acquire the French global telecom equipment company for $16.6 billion.
Alcatel Lucent SA (ADR) (NYSE:ALU) plans to update on its new growth strategy later this year. The company is entering the final leg of its turnaround plan and CEO, Michel Combes, said he remains focused on completing the process successfully.
Nordea's Martin Nilsson believes that the current stock valuation of communications and telecom equipment manufacturer Nokia Corp (ADR) (NYSE: NOK) does not reflect the possibility of the company performing in-line with expectations. The analyst ...
According to a Bloomberg report, Ericsson (ADR) (NASDAQ:ERIC) is now facing tough competition from its competitors in the network provider industry as Nokia Corporation (ADR) (NYSE:NOK) has acquired Alcatel Lucent SA (ADR) (NYSE:ALU).