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© evertiq Electronics Production | July 24, 2015

EU approves Nokia / Alcatel deal

The European Commission has approved the proposed acquisition of Alcatel-Lucent by Nokia.
The Commission concluded that the transaction would not raise competition concerns, in particular because the parties are not close competitors and since a number of strong global competitors will remain active after the transaction.

The Commission found that, despite the merged entity having combined market shares around or above 30% for several specific types of equipment, the overlaps between the two companies' activities are effectively limited. Indeed, Nokia has a strong presence in the European Economic Area, where Alcatel-Lucent is a small player, and conversely Alcatel-Lucent has a strong presence in North America, where Nokia's activities are rather limited.
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December 13 2018 1:08 pm V11.10.14-1