Alcatel-Lucent

The construction of the cable section of the first leg of the Greece-Cyprus-Israel interconnection (the Crete-Cyprus interconnection) began with the order Nexans got from Greece's Independent Power Transmission Operator (IPTO), responsible for the project, to "reserve" the necessary slot for the production of cables and to start relevant procedures.

Negotiations between French multinational cable manufacturer Nexans and local Viohalco's subsidiary Cenergy Holdings on the sale of Hellenic Cables to the European giant have proved fruitless. Still, the very fact that there were such talks has placed Hellenic Cables at the center of attention among its international peers.

China has moved way past its knockoff phase. Now Chinese companies are setting global trends in technology products or business models in areas such as supercomputers, technology-enabled transportation, digital payments and artificial intelligence. China's technology companies and its homegrown tech ideas are spreading everywhere. The world is cribbing from China now. 

Finnish telecoms giant Nokia has gained control of nearly 80 percent of its French-American rival Alcatel-Lucent, France's stock market regulator said Jan. 4.

Nokia now holds around 76 percent of shares and voting rights in Alcatel under its public exchange offer, the French financial market authority, AMF, said in an interim report.

Nokia has struck a 15.6 billion euro deal to buy its rival Alcatel-Lucent to create the world's biggest supplier of mobile phone network equipment, both companies said April 15.
     
The Finnish telecom giant has agreed to give shareholders in its Franco-American rival 0.55 shares in the new merged company for every one of their own.
      

Finland's Nokia announced on April 14 that it was in advanced talks to purchase all of its Franco-American rival Alcatel-Lucent.

"Nokia and Alcatel-Lucent confirm that they are in advanced discussions with respect to a potential full merger, which would take the form of a public exchange offer by Nokia for Alcatel-Lucent," said a statement.