Hoping to create a new European telecom giant, Finland’s Nokia said today that it is discussions to buy France’s Alcatel-Lucent.
The talks come just over a year after Nokia sold its mobile handset business to Microsoft. The remaining company focuses primarily on telecommunications and networking equipment, though it still also owns the Here mapping service.
A combination with Alcatel-Lucent would create a company worth an estimated $42 billion, and one that might be in a somewhat stronger position to compete against leaders in networking equipment such Cisco Systems.
Here’s the statement from Nokia:
“In relation to recent media speculation Nokia and Alcatel-Lucent confirm that they are in advanced discussions with respect to a potential full combination, which would take the form of a public exchange offer by Nokia for Alcatel-Lucent. There can be no certainty at this stage that these discussions will result in any agreement or transaction.”
Alcatel-Lucent is at the forefront of global communications, providing products and innovations in IP and cloud networking, as well as ultra-broadband fixed and wireless access to service providers and their customers, enterprises and … read more »
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