Deals
Nokia's Alcatel Approvals Ahead of Plan as Suri Meets Macron
- CEO reiterates promises to minister on French jobs, innovation
- Progress with integration planning is “remarkable,” Suri says
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Nokia Oyj Chief Executive Officer Rajeev Suri said government approvals for the $17.6-billion takeover of Alcatel-Lucent SA are progressing faster than expected, with key nods from China and France remaining.
A meeting Tuesday evening with France’s Economy Minister Emmanuel Macron aimed to tackle the issue, with Suri seeking to show he can navigate between French jobs, the investments he’s pledged and the savings he’s promised investors. The progress with approvals and integration planning, months before the deal is set to close next year, is “remarkable,” Suri said in an interview in Paris.