After the closing of the exchange offer, Nokia’s Networks business would be conducted through four business groups that would provide an end-to-end portfolio of products, software and services: Shareholder distributions of approximately EUR 4 billion , calculated assuming ownership of all outstanding shares of Alcatel-Lucent and conversion of all Nokia and Alcatel-Lucent convertible bonds:. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. The operating cost synergies are expected to create a structural cost advantage and foster a corporate culture that emphasizes execution excellence. Nokia confirms the composition of the Board of Directors and announces the composition of the Board Committees and the new Group Leadership Team. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Our three businesses are leaders in their fields:
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A planned two-year, EUR 1.
Further information on the members of the Nokia Group Leadership Team is available at http: Shareholder distributions of approximately EUR 4 billioncalculated assuming ownership comdaya all outstanding shares of Alcatel-Lucent and conversion of all Nokia and Alcatel-Lucent convertible bonds:. Nokia Corporation Stock exchange release October 29, at About Nokia By focusing on the human possibilities of technology, Nokia embraces the connected world to help people thrive.
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Any forward-looking statements made in this release are qualified in their entirety by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by us will be comdaa or, even if substantially realized, that they will have the expected consequences to, or effects on, us or our business comdatw operations.
The information contained in this release must not be published, released or distributed, directly or indirectly, in any jurisdiction where the publication, release or distribution of such information is restricted by laws or regulations. Risks and uncertainties include the ability of the parties to obtain the necessary stock exchange clearances to open the public co,data offers, minimum tender acceptances, inability to achieve targeted synergies and projections, shareholder approval to close, consummation of the pending transaction and ability to implement the capital structure optimization program.
Our three businesses are leaders in their fields: The operating cost synergies are expected to be derived from a wide range of initiatives related to operating expenses and cost of sales, including:.
Other than the preliminary draft of the Registration Statement, the Exchange Offer Documents have not yet been filed with appropriate regulators, including the SEC. The making of the exchange offer to specific persons who are residents in or nationals or citizens of jurisdictions outside France or the United States or to custodians, nominees or trustees of such persons the “Excluded Shareholders” may be made only in accordance with the laws of the relevant jurisdiction. This program would consist of approximately EUR 4 billion in shareholder distributions and approximately EUR 3 billion of de-leveraging.
No offering of securities shall be made in the United States except by means of a prospectus meeting the requirements of Section 10 of the U.
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A planned ordinary dividend for of at least EUR 0. Streamlining of overlapping products and services, particularly within the planned Mobile Networks business group. Nokia Group Leadership Team elected Following the previously announced planned leadership structure and the successful public exchange offer for Alcatel-Lucent securities, Nokia today announced the new composition of its Group Leadership Team, chaired by Rajeev Suri.
After the closing of the exchange offer, Nokia’s Networks business would be conducted through four business groups that would provide an end-to-end portfolio of products, software and services: Nokia and Alcatel Lucent do not accept any responsibility for any violation by any person of any such restrictions.
Some of these forward-looking statements can be identified by terms and phrases such as “anticipate,” “should,” “likely,” “foresee,” “believe,” “estimate,” “expect,” “intend,” “continue,” “could,” “may,” “plan,” “project,” “predict,” “will” and similar expressions. The Nokia Board of Directors, for a term ending at the close of the Annual General Meeting incomprises the following members:.
The Boards of Directors of Nokia and, after having received a positive recommendation by its Independent Directors Committee, the Board of Directors of Alcatel-Lucent, have unanimously approved two services agreements to implement such integration plans, which were entered into between Nokia and Ckmdata today.
Espoo, Finland – Nokia today confirms the composition of the Board of Directors and announces the composition comsata the Board Committees and the new Group Leadership Team following the successful public exchange offer for Alcatel-Lucent securities. This comprehensive capital structure optimization program would focus on shareholder distributions and de-leveraging, while maintaining Nokia’s financial strength.
Therefore, persons in such jurisdictions into which these materials are published, released or distributed must inform themselves about and comply with such laws or regulations. Synergy target accelerated to EUR million in On April 15,in conjunction with the announcement of the Alcatel-Lucent transaction, Nokia announced that the combined company would target approximately EUR million of annual operating cost synergies to be achieved on a full year basis in Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Nokia Networks provides broadband infrastructure, software and services; HERE provides mapping, navigation and location intelligence; and Nokia Technologies provides advanced technology development and licensing. It is the responsibility of the Excluded Shareholders wishing to accept alccatel exchange offer to inform themselves of and ensure compliance with the laws of their respective jurisdictions in relation to the proposed exchange offer.
Planned EUR 7 billion capital structure optimization program Following the closing of the proposed transaction, Nokia expects to have a strong balance sheet, with the financial resources to enable investments in next generation solutions and services over the long-term.
Alongside these, Nokia Technologies would continue to operate as a separate business group with a clear focus on licensing and the incubation comfata new technologies.
Today, Nokia announced an accelerated target of approximately EUR million of annual alctel cost synergies to be achieved on a full year basis inrelative to the combined non-IFRS results of Nokia and Alcatel-Lucent for full year Rationalization of overhead, particularly within manufacturing, supply-chain, real estate and information technology.
Securities Act of This strong foundation would enable the long-term investments that are essential to achieve the combined company’s strategic objectives, serve the changing needs of customers and lead the next wave of technological change in the industry.