US FINNISHes Nokia-AlcaLu acquisition waiting period The huge Nokia-Alcatel Lucent acquimerger transaction has cleared one of its major hurdles, with the US Department of Justice (DoJ) clearing the merger for takeoff. Specifically, the two companies have announced – Nokia's post is here – that the DoJ has granted an early termination to the antitrust waiting period in the US. …
Nokia shareholders have yet to vote on the acquisition, which the companies hope will yank €900 million out of their combined cost base (read: mass layoffs around the world).
Since Nokia's home is in mobile network infrastructure and Alcatel-Lucent is kicking its goals in the fixed-line business, the product rationalisation process ought not to be horribly savage.
Two incompatible statements!
Anyhow, there is product rationalisation abounding in the wireless space, with nightmares for those in charge of it. ALU make a reasonable chunk of change selling LTE/UMTS kit into the USA. Nokia has never been successful in N. America (they tried buying access by snapping up Motorola, and that got them nowhere), and the telco's are unlikely to be hugely happy with swapping ALU kit for Nokia stuff - so Nok is stuck with maintaining 2 LTE product lines.
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