The two companies originally signed a Memorandum of Understanding (MOU) last November with Nokia making an offer for all of the equity securities issued by Alcatel-Lucent through a public exchange offer in France and the United States.
The deal involved 0.55 of a new Nokia share for every Alcatel-Lucent share, in an all-share transaction valuing Alcatel-Lucent at EUR 15.6 billion on a ‘fully-diluted basis’ - just over A$21.75 billion.
When the MOU was agreed, Nokia said the combined company would be “uniquely positioned to create the foundation of seamless connectivity for people and things wherever they are,’ with this ‘essential for enabling the next wave of technological change, including the Internet of Things and transition to the cloud.”
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“Nokia and Alcatel-Lucent legal entities are now affiliates of each other. As defined in the agreement that you currently have with us, those affiliates are hereinafter known as the ‘Nokia Group of Companies’,” the letter says.
“As a result of the combination of the companies into the Nokia Group of Companies, all of the affiliates now have the right to purchase and/or license products (hardware and/or software) and/or services under each other’s agreements currently in place with your company.”
