The Firm represented China Huaxin Post & Telecommunication Economy Development Center ("China Huaxin") in connection with the formation of Nokia Shanghai Bell Joint Venture as a result of Nokia’s acquisition of Alcatel-Lucent and subsequent integration of Alcatel-Lucent Shanghai Bell Co. Ltd. (ASB), a joint venture between Alcatel-Lucent and Huaxin, and Nokia's China business. ASB will be renamed Nokia Shanghai Bell Co., Ltd. (“NSB”) and will become Nokia's exclusive platform in China for the continued development of new technologies in areas like IP routing, optical, fixed and next-generation 5G; and with the support of Nokia, NSB will continue to look for opportunities in select overseas markets. The closing of the transaction is targeted to happen in July 2017, subject to various customary administrative, legal, regulatory and other conditions. Nokia will own 50% plus one share of NSB, with China Huaxin owning the remainder.

The Simpson Thacher team includes Shaolin Luo and Vincent Zhou (M&A – Beijing); and Lori Lesser (IP – New York).