Alcatel-Lucent S.A. is a French global telecommunications equipment company, headquartered in Boulogne-Billancourt, France, also a monster in the tech industry.European regulators signed their approval and gave this Giant a green light to go After the request from Nokia to buy Alcatel-Lucent.
The Europeans Union also predicted very intense upcoming rival against Samsung Electronics, the company with highest sales report in the market today.
As Nokia to to buy Alcatel-Lucent. And such movement of will result in biggest competition in the history of smartphone industry. Advantage of Alcatel-Lucent’s technological prowess Alcatel-Lucent’s small cells technology is becoming popular in the U.S. and has already found acceptance among clients including Verizon and AT&T.The telecom industry mainly earns its profits on volumes, technology that can help reduce expenses is bound to draw attention. With the Alcatel-Lucent deal, Nokia gets a head start in this arena.
“In particular, Samsung is expected to play a more significant role in the near future in relation to the newest generation mobile telecommunications equipment — so-called 4G, currently being deployed, and 5G,” the commission said.
Nokia was the most loved mobile phone company, and gained a market share of 35%, 20.6% more than other companies in 2010Q2. Nokia is a brand that used to represents good quality, smart, symbian operating system and trend of phone design.But the time when Nokia is in its top,but the smart phone branch was sold to Lumina that made people upset.
As the deal hasexpired in 2015 Nokia is back in the Smartphone market promising mny flagships and exciting features that would create exicte aroun dthe world. The merging of two brands Alcatel-Lucent and Nokia is the hottest news in 2016.Alcatel-Lucent holds the second highest market share after Cisco.
CEO of nokia Rajeev Suri will be running the newly emerged company based in china and take contract with Verizon Communications and AT&T.