Editor in Chief
- Dec 30, 2010
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- Austin, TX
One of the highest profile stories of 2013 was Nokia selling their handset division to Microsoft in order to get out of the mobile smartphone market, and recoup some of their massive losses. It's easy to assume the company faded into obscurity after that, but that would be a mistake. Nokia is still a massive and powerful technology firm, and today's news proves they still have quite a bit of game left in them in the tech sector.
It was officially announced that Nokia will be buying Alcatel-Lucent for the massive sum of $16.6 Billion USD. This merger will make Nokia the world’s largest seller of telecom equipment and services, pulling them ahead of Huawei, Ericsson, and ZTE. This acquisition puts Nokia in a commanding position as a telecom network infrastructure provider. It also gives them access to some important patents.
Alcatel-Lucent also owns the famous Bell Laboratories, which was established by Alexander Graham Bell in 1880. The patents alone are worth billions. This will give Nokia three major labs altogether. A company spokesperson said, "the combined company will be in a position to accelerate development of future technologies including 5G... as well as sensors and imaging." The new business will run under the Nokia name, but Bell Labs will keep the Alcatel-Lucent name.
For more details, hit up the source link here: Nokia