Nokia gains control of 80% of Alcatel Lucent.

Q.  Which telecom giant has gained control of its rival Alcatel Lucent to the tune of nearly 80%?
- Published on 05 Jan 16

a. Vodafone
b. Nokia
c. BT
d. None of the above

ANSWER: Nokia
 
Finnish telecom giant Nokia gains control of 80% of French American Rival Alcatel Lucent. Nokia currently holds 76% of shares and voting rights under Alcatel as part of its public exchange offer. Minimum requirement for Nokia is controlling 50% of shares and voting rights. This has been satisfied. With this, Nokia hopes the merger will make it the top network equipment and service provider.

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