Nokia-Alcatel Lucent Deal Progressing Well As It Gets Department Of Justice Clearance

Nokia had initially extended an offer for Alcatel-Lucent?s wireless business, which the latter rejected. This turned out to be a blessing in disguise for Nokia, which eventually decided to buy the entire company, stating that the merger held substantial operational and financial benefits. In addition to positioning it among the top players in the telecom gear market, the acquisition will help Nokia expand its product portfolio in the domains of optical transmission and Internet Protocol (routers...