Nokia completed acquisition of Alca-Lucent

Nokia Corporation on 5 January 2015 announced that it completed the regulatory formalities for acquiring the French telecom equipment company Alca-Lucent. The deal, worth 15.6 billion euro, was signed in 2014 and later approved by the European Commission. With this acquisition, Nokia holds 79.32 percent of outstanding Alcatel-Lucent shares and at least 78.97 percent of the French company's voting rights. Further, the deal is expected to help the company in competing globally with the likes of Ericsson and Huawei in the telecommunications field.