Approvals for Alcatel-Lucent and Nokia deal progressing fast, says CEO
23 September 2015 |
Nokia Networks’ CEO Rajeev Suri said government approvals for its acquisition of Alcatel-Lucent are moving faster than expected.
According to Suri, the progress with approvals and integration planning has been “remarkable”.
“I’m not worried about the French government, that’s well on track,” Suri told Bloomberg. “We have so much to learn but it’s not rocket science. Listen, observe, be here, be present.”
Suri will reveal in October 2015 how the combined entity will be structured, who will manage its units as well as what Nokia’s key products will be.
He added: "You don’t want everybody working on the integration instead of running the company. You have to minimise disruption in a tough environment - just make decisions and go back to business."
The deal between the two companies will be finalised in the first half of 2016. When completed it will create a European telecoms equipment group estimated at over €40 billion.