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EC Greenlights Nokia Takeover of Alcatel-Lucent

The European Commission approved Nokia's pending acquisition of Alcatel-Lucent, a Nokia news release said Friday. The transaction has been cleared by antitrust review boards in several countries, including Brazil, Canada, Colombia and Russia, and the antitrust review period in the…

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U.S. has expired, it said. Nokia said it expects to close the deal in the first half of 2016.