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General

Cisco chair says Nokia, Alcatel-Lucent merger likely to fail

Thursday 12 November 2015 | 12:12 CET | News
Cisco executive chairman John Chambers said there is a good chance the planned merger of Nokia and Alcatel-Lucent will fail. Chambers said the "odds are good that [the merger] will fail", pointing to previous examples of large technology mergers that have struggled, the Financial Times reported. Alcatel's merger with Lucent in 2006 was already a "gift from heaven" for rivals, he said. Chambers said the 2-3 years needed to gain regulatory approval and achieve synergies from a large merger were too long, as "in this industry, the winners and losers will be decided in three years". Chambers was

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Categories: General
Companies: Alcatel-Lucent / Cisco / Nokia
Countries: World
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