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ARTICLES

Nokia begins headcount reductions

Company promised €900M in synergies from Alcatel-Lucent acquisition

Nokia logoNokia announced initial actions to reduce company personnel, part of a "synergy and transformation program" following the acquisition of Alcatel-Lucent. Nokia is targeting €900 million of operating cost synergies to be achieved by the end of 2018.


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Nokia to buy Alcatel-Lucent in an all-share transaction

Nokia and Alcatel-Lucent announce their intention to combine to create an innovation leader in next generation technology and services for an IP connected world. The two companies have entered into a memorandum of understanding under which Nokia will make an offer for all of the equity securities issued by Alcatel-Lucent, through a public exchange offer in France and in the United States, on the basis of 0.55 of a new Nokia share for every Alcatel-Lucent share.


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