Nokia has announced it will be acquiring French global telecommunications company Alcatel-Lucent for the sum of $15.6 billion, under the banner Nokia Corporation. They plan to tackle 5G technology, the Internet of Things (IoT) and the increased reliance on Cloud services.
The acquisition gives insight into what Nokia’s future direction might be, following the selling of its Devices and Services arm to Microsoft in late 2013. The focus is clearly aimed at providing a platform for the technical fundamentals for not only traditional mobile telecoms and its evolution into 5G, but also newer and emerging technologies.
Recently rumors have emerged that Nokia are considering selling their large mapping business called ‘HERE’ and the Alcatel-Lucent acquisition adds credence to this, putting full concentration into their very profitable Nokia Networks division.
Nokia may no longer be a name consumers hear about as the company transitions from phone maker to platform supplier, however it will very much likely be Nokia that is providing the data network for their future mobile device.