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General

Nokia pledges EUR 4 bln in shareholder returns after merger

Thursday 29 October 2015 | 08:47 CET | News
Nokia has announced plans to return around EUR 4 billion to shareholders following its planned merger with Alcatel-Lucent. Following of a review of its capital structure and needs, Nokia said its board found the money to return to shareholders and deleverage the balance sheet. In addition it expects it can achieve the targeted synergies from the merger with Alcatel-Lucent a year earlier than previously forecast. The estimate of EUR 900 million in annual operating cost synergies could be achieved by 2018, a year earlier than forecast in April when the merger was first announced, assuming the

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