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