Nokia reports compliance issues at Alcatel-Lucent business
Written by Fox News on March 22, 2019
FILE PHOTO: The Alcatel Lucent logo is seen in Calais, France, September 7, 2016. REUTERS/Charles Platiau
March 22, 2019
HELSINKI (Reuters) – Finnish network equipment maker Nokia said on Friday it was looking into transactions at its former French rival Alcatel-Lucent which it acquired in 2016, after reporting possible compliance issues at the unit to U.S. authorities.
“To ensure complete compliance we are now scrutinizing certain transactions in the former Alcatel-Lucent business and although this investigation is in a relatively early stage, out of an abundance of caution and in the spirit of transparency, Nokia has contacted the relevant regulatory authorities regarding this review,” Nokia said in an emailed statement to Reuters.
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(Reporting by Anne Kauranen, editing by Louise Heavens)
Source: OANN
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