Nokia's $16.6 billion acquisition of Alcatel-Lucent approved by European Commission

The European Commission has given the green light to Nokia's acquisition of telecoms equipment company Alcatel-Lucent for €15.6 billion ($16.6 billion). The Commission noted that the deal would "not raise competition concerns" because "the parties are not close competitors [and] a number of strong global competitors will remain active." Nokia's strength in the telecoms industry is centered on Europe, said the Commission, while Alcatel-Lucent's main presence is in North America....

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