Monday, January 4, 2016

Nokia Obtains Majority Share in Alcatel-Lucent

The French financial regulator, the Autorité des marchés financiers, confirmed that as a result of its ongoing public exchange offer, Nokia has now obtained over 71% over the share capital of Alcatel-Lucent, including over 76% of American depositary shares an over 89% of OCEANE convertible bonds issued by the company.

Philippe Camus, Chairman and interim CEO of Alcatel-Lucent stated: “With the Board of directors of Alcatel-Lucent, we are pleased that the combination of Nokia and Alcatel-Lucent has reached a decisive step, since Nokia obtained a large majority of the share capital on a fully diluted basis. We reaffirm our unanimous support to this industrial project which, by creating a global powerhouse in next-generation communications technologies and services, creates value for our shareholders, as well as for all our stakeholders. On behalf of the Board, I strongly encourage the investors in Alcatel-Lucent that have retained their securities to tender them into the re-opened offer in order to benefit from this creation of value and to fully participate in a major project for our industry.”