The much awaited merger of Nokia Corporation (ADR) (NYSE:NOK) and Alcatel Lucent SA (ADR) (NYSE:ALU) might face obstacles after the Finnish company reported its weak quarterly results, according to Reuters.
According to Reuters, French-based company Alcatel-Lucent SA (ADR) (NYSE:ALU), which is to be acquired by tech giant Nokia Corporation (ADR) (NYSE:NOK), has improved its operating margins in the first quarter despite deterioration in US sales.
The French based company Alcatel Lucent SA (ADR) (NYSE:ALU) has posted its first quarter earnings report in which it revealed revenue of 3.24 billion euros and surpassed analysts estimates for the quarter.
The deal between Nokia and Alcatel-Lucent is almost drawing to a close. The European Commission has given its approval to the Finnish company to acquire the French global telecom equipment company for $16.6 billion.