Smartphones Media Update- The European Commission has approved the action of telecom infrastructure provider Nokia to acquire Alcatel-Lucent, Friday (24/7), because they are not pesain close and will continue to face strong global competition.
"The Commission found that, although the combined company after the combined market share to be around 30 percent for some particular types of equipment, and overlapping of activities between the two companies is effectively limited," the European Commission said in a statement.
"The Commission found that, although the combined company after the combined market share to be around 30 percent for some particular types of equipment, and overlapping of activities between the two companies is effectively limited," the European Commission said in a statement.
In general, the EU is not worried about going on the monopoly of the action of the combined company Nokia and Alcatel-Lucent, which later changed its name into Nokia Corp.
The Commission notes Nokia has a strong market in Europe, while Alcatel-Lucent has a small market there. While in North America Alcatel-Lucent has a large market, and Nokia small.
Nokia announced in mid-April that it would buy all shares of Alcatel-Lucent from France to the value of approximately US $ 16.6 billion, or around Rp 213 trillion.
Merging these two companies make them become the company's second-largest provider of telecommunications infrastructure behind Ericsson from Sweden.
Nokia and Alcatel certainly hope they can be challenging step from Chinese manufacturers, such as Huawei and ZTE, aggressive offer products and services at reasonable prices. CEO of Nokia, Rejeev Suri, will lead the merged firm.
Nokia announced in mid-April that it would buy all shares of Alcatel-Lucent from France to the value of approximately US $ 16.6 billion, or around Rp 213 trillion.
Merging these two companies make them become the company's second-largest provider of telecommunications infrastructure behind Ericsson from Sweden.
Nokia and Alcatel certainly hope they can be challenging step from Chinese manufacturers, such as Huawei and ZTE, aggressive offer products and services at reasonable prices. CEO of Nokia, Rejeev Suri, will lead the merged firm.
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