EU approves $17bn acquisition of Alcatel-Lucent by Nokia July 24, 2015 - 15:32 AMT PanARMENIAN.Net - The European Union has approved the 15.6 billion-euro ($17 billion) acquisition of ailing French telecom company Alcatel-Lucent by Finland's Nokia Corporation following an investigation into whether the deal broke competition rules, the Associated Press reports. The EU's executive Commission said Friday, July 24, that there was enough difference between the two firms to not raise major competition concerns. The Commission said the overlap between the two is very limited with Nokia being a major player in Europe while Alcatel-Lucent is a much bigger player in North America. The deal puts Nokia among the global market leaders in networks. Related links:   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Biden honors resilience of Armenian people on April 24  U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan.Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says.Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |
