Alcatel-Lucent disappears as Nokia takes over company
Alcatel-Lucent has officially folded into Nokia following the companies’ €15.6 billion merger.
The two companies have now combined operations under the new management team and are expected to present a united face at next month’s Mobile World Congress under the Nokia brand.
Meanwhile Nokia has renewed its efforts to buy up the rest of the Alcatel-Lucent shares that it does not already own. The offer opens on 14 January and closes on 3 February.
Under the previous bid, which was supported by Alcatel-Lucent’s board, Nokia holds 79.32% of the share capital and at least 78.97% of the voting rights of Alcatel-Lucent. Nokia has said it will squeeze out the remaining shares if it reaches 95% ownership of the share capital and voting rights of Alcatel-Lucent.
Philippe Camus, chairman and CEO of Alcatel-Lucent, stated: “The board of directors of Alcatel-Lucent reaffirms its unanimous support to the creation of a global leader in technology and services for an IP-connected world and encourages the remaining holders of Alcatel-Lucent securities to tender them into the reopened offer in order to benefit from the value being created by the project to bring Nokia and Alcatel-Lucent together.”
The new management is led by Rajeev Suri as president and CEO. He said: “Today’s pace of technological change, driven by the transition to 5G, the internet of things and the cloud, is demanding extraordinary new capabilities from the network. Combining with Alcatel-Lucent comes at just the right time: we can align our product and technology roadmaps for the next generation of network technology at the outset, allowing us to take full advantage of the coming opportunities and better serve customers including communication service providers, governments, internet players and large enterprises.”
Samih Elhage, formerly CFO of NSN, is president of mobile networks. Former Alcatel-Lucent fixed networks chief, Federico Guillén, is president of fixed networks in the combined company.
Basil Alwan is president of IP/optical networks, reflecting a role he held in Alcatel-Lucent before the merger. Bhaskar Gorti, Alcatel-Lucent’s president of IP platforms, and an Oracle executive until early 2015, is president of applications and analytics in the new Nokia.
Kathrin Buvac is chief strategy officer, a similar role to that she held in the old Nokia. Marc Rouanne, previously executive vice president of mobile broadband at Nokia Networks, is , chief innovation and operating officer.
Though not officially part of the senior management team, Marcus Weldon remains president of Bell Labs and is now CTO of Nokia.
Ramzi Haidamus, a former Dolby Laboratories executive who joined Nokia in 2014, is president of Nokia Technologies.
The CFO is Timo Ihamuotila, a job he held at the old Nokia. Hans-Jürgen Bill heads human resources, also a job he had at the pre-merger Nokia. Barry French maintains his old Nokia role as CMO.
Suri added: “Nokia has the global scale, innovation muscle and end-to-end portfolio to lead this change, and ultimately expand the human possibilities of the connected world.”