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Nokia discloses Alcatel-Lucent compliance issues

Jaclyn Jaeger | March 22, 2019

Finnish network equipment maker Nokia disclosed Thursday in a filing with the Securities and Exchange Commission that it has “been made aware of certain practices relating to compliance issues at the former Alcatel-Lucent business that have raised concerns.” Nokia completed its acquisition of the Paris-based telecommunications company in 2016.

Nokia’s Form 20-F, dated March 22, offers scant details: “We have initiated an internal investigation and voluntarily reported the matter to the relevant regulatory authorities, with whom we are cooperating with a view to resolving the matter,” Nokia said. “The resolution of this matter could result in potential criminal or civil penalties, including the possibility of monetary fines, which could have a material adverse effect on our business, brand, reputation, or financial position.”

Nokia also noted in the securities filing...

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