Nokia says it has received all US regulatory approvals
Helsinki - AFP
Finnish telecom group Nokia announced Monday it has received all US regulatory approvals needed for its proposed acquisition of Alcatel-Lucent, taking a step closer towards creating the world's biggest supplier of mobile phone network equipment.
"Both companies will continue to work closely with the few remaining antitrust authorities in the relevant jurisdictions to conclude their regulatory reviews as quickly as possible," the Nokia statement said.
EU regulators approved the buyout in July.
The proposed transaction, which still needs the approval of Nokia shareholders, aims to open up the North American market for Nokia, which has been dominant in Europe.
The deal is expected to close in the first half of 2016.