U.S. Regulator Clears Nokia's Plan To Buy Alcatel-Lucent

By Sara SjolinMarketWatch Pulse

Nokia Oyj said on Monday the Committee on Foreign Investment in the United States has cleared the company's proposed takeover of Alcatel-Lucent . With the earlier approval by the U.S. Department of Justice, the companies now have received all the required regulatory approvals from the U.S. for the deal to go through. "Both companies will continue to work closely with the few remaining antitrust authorities in the relevant jurisdictions to conclude their regulatory reviews as quickly as possible," Nokia said in a statement. The EU's antitrust body in July approved the acquisition, noting that the two firms were not close competitors and could still face strong global competition. After years of speculation, Nokia in April confirmed it’s buying its rival in a deal then worth 15.6 billion euros ($17.68 billion) to create one of the world's largest telecom-gear makers.

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