Nokia wins US approval to buy Alcatel-Lucent

The U.S. Department of Justice has given a green light to Nokia`s deal to buy French rival Alcatel-Lucent, the two companies said on Wednesday.

OSLO: The U.S. Department of Justice has given a green light to Nokia`s deal to buy French rival Alcatel-Lucent, the two companies said on Wednesday.

"Early termination of the U.S. antitrust waiting period takes us one important step closer to the closing of the pending transaction," they added in a statement. 

The transaction announced in April remains subject to approval by Nokia shareholders, and is expected to close in the first half of 2016.

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