Leila's Feed
Apr 21, 2015

Nokia bets software revolution will help avoid past merger errors

PARIS/HELSINKI/STOCKHOLM (Reuters) – Nokia’s acquisition of smaller rival Alcatel-Lucent may avoid the pitfalls that befell earlier telecom network equipment marriages, thanks to a revolution over the past decade in how products are launched and developed.

The brains and brawn of telecom networks today lie in software, which is programmable and flexible, and not in customized hardware as in the past. Products are more modular with open interfaces that allow equipment from different manufacturers to talk to each other.

Apr 17, 2015

Vivendi’s Bollore urges shareholders to back double voting rights

PARIS (Reuters) – Vivendi (VIV.PA: Quote, Profile, Research, Stock Buzz) Chairman Vincent Bollore urged shareholders on Friday to back double voting rights at the French media group, arguing this would help it compete with powerful, rich rivals from Google (GOOGL.O: Quote, Profile, Research, Stock Buzz) to Facebook (FB.O: Quote, Profile, Research, Stock Buzz).

The group’s top shareholder also asked investors to give him time to rebuild the company into a media powerhouse, warning that cheap deals in the media industry were thin on the ground.

Apr 16, 2015

Top Vivendi shareholder Vincent Bollore prepares to tighten his grip

PARIS, April 16 (Reuters) – Billionaire businessman Vincent
Bollore is likely to tighten his hold on French media group
Vivendi when shareholders decide on Friday whether to give
long-term investors double voting rights. Behind him is an
influential backer: the government.

Going into Vivendi’s annual meeting, Bollore is the
uncontested leader of the 162-year-old conglomerate since
spending 2.84 billion euros in the last six weeks to almost
triple his Vivendi stake to 14.5 percent.

Apr 16, 2015

Nokia buys Alcatel to take on Ericsson in telecom equipment

HELSINKI/PARIS (Reuters) – Nokia will buy Alcatel-Lucent in an all-share deal that values its smaller French rival at 15.6 billion euros ($16.6 billion), building up its telecom equipment business to compete with market leader Ericsson.

The deal will redefine a sector suffering weak growth prospects and pressure from low-cost Chinese players Huawei and ZTE.

Apr 15, 2015

Nokia buys Alcatel-Lucent to grow in telecom equipment

HELSINKI/PARIS, April 15 (Reuters) – Nokia is to
buy Alcatel-Lucent in an all-share deal that values
its smaller French rival at 15.6 billion euros ($16.6 billion),
building up its telecom equipment business to compete with
market leader Ericsson.

Nokia’s takeover of Alcatel-Lucent will redefine a telecom
equipment sector suffering weak growth prospects and pressure
from low-cost Chinese players Huawei and ZTE
.

Apr 15, 2015

Nokia buys Alcatel-Lucent to grow in telecom gear

HELSINKI/PARIS (Reuters) – Finnish telecom network equipment maker Nokia has agreed to buy Alcatel-Lucent in an all-share transaction that values its smaller French rival at 15.6 billion euros ($16.6 billion).

Nokia will give Alcatel-Lucent shareholders 0.55 shares in the combined company for each of their old shares, resulting in 33.5 percent of the entity being in Alcatel’s hands and Nokia having 66.5 percent if the public exchange offer is fully taken up.

Apr 14, 2015

Nokia in talks to buy Alcatel-Lucent; France wary about jobs

HELSINKI/PARIS (Reuters) – Nokia Oyj (NOK1V.HE: Quote, Profile, Research) is in talks to buy smaller telecom equipment maker Alcatel-Lucent (ALUA.PA: Quote, Profile, Research), a deal that would combine the industry’s two weakest players but could pose challenges in cutting costs and overcoming political opposition.

In a joint announcement, the Finnish and French companies said they were in “advanced discussions” on a “full combination, which would take the form of a public exchange offer by Nokia for Alcatel-Lucent.” The two, which have been seen as a possible combination for the last several years, cautioned that the discussions could still fall apart.

Apr 14, 2015

Nokia in advanced talks to buy Alcatel-Lucent

HELSINKI/PARIS (Reuters) – Nokia Oyj (NOK1V.HE: Quote, Profile, Research, Stock Buzz) is in talks to buy smaller telecom equipment maker Alcatel-Lucent (ALUA.PA: Quote, Profile, Research, Stock Buzz), a deal that would combine the industry’s two weakest players, but could pose challenges in cutting costs and overcoming political opposition.

In a joint announcement, the Finnish and French companies said they were in “advanced discussions” on a “full combination, which would take the form of a public exchange offer by Nokia for Alcatel-Lucent.” The two, which have been seen as a possible combination for the last several years, cautioned that the discussions could still fall apart.

Apr 9, 2015

Lafarge, Holcim name Eric Olsen as chief of merged group

ZURICH/PARIS (Reuters) – Lafarge (LAFP.PA: Quote, Profile, Research, Stock Buzz) and Holcim (HOLN.VX: Quote, Profile, Research, Stock Buzz) have picked Lafarge insider Eric Olsen as chief executive of their combined company, potentially opening the way for the two cement groups to clinch their $40 billion merger, if shareholders back it next month.

Olsen, a 16-year veteran at Paris-based Lafarge, will take on the challenge of knitting together the two companies to deliver a promised 1.4 billion euros ($1.50 billion) in cost savings.

Apr 9, 2015

Vivendi reaches deal with activist shareholder to lift payouts

PARIS, April 9 (Reuters) – French media group has seen off a
challenge from an activist hedge fund by agreeing a more than 1
billion euros ($1 billion) increase in payouts to investors,
without compromising on a key resolution that would give more
power to its chairman Vincent Bollore.

U.S. hedge fund P. Schoenfeld Asset Management (PSAM) had
been campaigning since on March 23 over Vivendi’s perceived lack
of transparency, unclear strategy and poor governance, but it
has shelved those concerns after wringing more money from the
company.