Nokia plans to provide services to the four mobile operators in Egypt; Vodafone, Etisalat, Orange, and Telecom Egypt.

Recently, it signed two different contracts with two different local companies one of which is Telecom Egypt. The agreement will allow Nokia to carry out the development and construction of mobile networks and infrastructure.

On another note, Nokia had announced earlier last year that it will acquire Alcatel-Lucent for €15.6bn. Under the agreement, the shareholders of Alcatel-Lucent will own 33.5% of the new company, while Nokia shareholders will own 66.5%. This merger is expected to reduce the operating costs to €900m by 2019. Nokia’s market share following the acquisition will reach 35%, putting it in second rank after Swedish giant Ericsson that holds a 40% market share.

www.lawtodaymag.co

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