Nokia's Alcatel-Lucent Acquisition Prompts Worlwide Job Cuts
5G has become the highly anticipated high speed data transfer to support Internet of Things. On Sunday, Nokia CEO said that some part of the fifth generation network could be available sooner.
The latest review by EY reveals that as far as mergers and acquisitions are concerned, the 3rd Quarter of 2015 was dominated by deals involving the Internet of Things. Each of the deal averaging USD1.2 billion in value.
Cisco and Ericsson on Monday reported a tremendous new partnership that they believe will bring in $1 billion for each company by 2018. Cisco is considered a pioneer in things that are associated to PC networking and is especially strong in selling its gear to market corporations and Government too.
The Finnish telecom network equipment maker Nokia's acquisition plan for French rival Alcatel-Lucent has received the conditional clearance from the Chinese government. The China's Ministry of Commerce has approved it with some conditions on the Euro15.6billion ($17.6bn) deal's antitrust process.
Nokia bids goodbye to its digital maps business as it sells its HERE maps unit to German carmaker consortium among BMW, Audi, and Mercedes-Benz's owner Daimler, to focus on making mobile-phone network equipment.
German auto makers consortium composed of Audi, BMW, and Daimler, parent company of Mercedes-Benz, is reportedly in the final stages of discussion to acquire Nokia HERE, the mobile company's map app, for roughly €2.5 billion or $2.7 billion.
Finland's Nokia denied reports in Chinese media that it planned to return to manufacturing phones. "Nokia notes recent news reports claiming the company communicated an intention to manufacture consumer handsets out of a R&D facility in China. These reports are false," Nokia said in a statement posted on its website.
Nokia Oyj (NOK1V.HE) is in talks to buy smaller telecom equipment maker Alcatel-Lucent (ALUA.PA), a deal that would combine the industry's two weakest players but could pose challenges in cutting costs and overcoming political opposition.
Running short of dramatically new phone designs, leaders of the world's wireless industry agree their next big idea is 5G, shorthand for the fifth generation of networks they expect to have up and running by 2020.
Two of Europe's top three remaining telecommunications equipment companies, Nokia Networks (NOK1V.HE) and Alcatel-Lucent (ALUA.PA), have revived talks on a possible merger, Germany's Manager Magazin reported on Thursday, citing company sources.
Bedford, US-based SQL database startup VoltDB raised $8 million in a Series B funding round led by an unnamed investor from Silicon Valley to scale databases both up and out.
Alcatel-Lucent is in talks with interested buyers, including Unify GmbH & Co. KG, for the sale of its enterprise business, according to sources interviewed by Bloomberg.
Madison Dearborn Partners is leading a group that includes CoVant and an investor group run by Joseph M. Kampf that is buying LGS Innovations from Alcatel-Lucent for $200 million, The Washington Post reported.
M/A-COM Technology Solutions Holdings agreed to purchase communications chip maker Mindspeed Technologies Inc. for USD272 million.