Nokia and Alcatel-Lucent announced their merger to create the world leader in innovation in next-generation technologies.
Nokia will make a public exchange offer on Alcatel shares in France and the United States. The Nokia offering, 0.55 new share for each share Alcatel-Lucent values the Franco-American group to 15.6 billion. Nokia’s shareholders will hold 66.5% of the group and of Alcatel-Lucent’s 33.5%.
The new company will be called Nokia Corporation. The headquarters will be in Finland, but the group will maintain a strong presence in France. The Future Group is 900 million cost savings of € 2019. Nokia does not provide for additional job cuts at the end of Alcatel’s restructuring plan.
Nokia confirmed on Wednesday have begun a strategic review of its mapping activity, HERE. “The Nokia Board of Directors believes that this is the right time to review the HERE position in the proposed new framework for Nokia,” we read in a statement.
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