Nokia's CEO told CNBC Wednesday that he was confident a 15.6 billion-euro ($16.5 billion) takeover deal of smaller French rival Alcatel-Lucent will get the thumbs up from regulators.
"We expect closure of the deal to happen in the first half of 2016. There are a number of jurisdictions to get antitrust approvals from," Rajeev Suri, the CEO of Nokia, said.
"I am confident we will get through that process successfully because a lot of the customers, I believe, will support this deal because it makes a lot of sense to them as well."
Finland's Nokia plans to buy Alcatel-Lucent in an all-stock deal that will build up its telecom equipment business to compete with Sweden's Ericsson, which leads the market.
Regulatory approval is one hurdle the two companies will face. Others, analysts said, include an integration process that could take years.