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Nokia in Talks to Buy Part of Alcatel-Lucent

Nokia in Talks to Buy Part of Alcatel-Lucent

Published on: 14th Apr 2015

Nokia is reported to be in talks to buy parts of Alcatel Lucent as it continues to focus on becoming a pure play network infrastructure supplier.

Citing people familiar with the matter, Bloomberg News reported that the deal could be announced as early as this week.

While a full takeover of Alcatel has also been examined, a purchase of the wireless unit remains the most likely scenario, the people said. No agreement has been reached and a deal could still fall apart, they added.

One potential barrier is that the French government may seek to block the deal, but Nokia is said to be confident that it can secure the deal in exchange for offers of job guarantees.

Rumours of a bid or merger between Nokia and Alcatel-Lucent have popped up occasionally for the past few years, but the latest talks are said to be much more substantive.

Seperately, Nokia has been said to be in talks to sell its digital mapping division, Here, which could also be a prelude to more acquisitions as the company’s EUR5 billion cash warchest is bolstered.

Nokia is also in shares terms some 40% more valuable than Alcatel-Lucent, so a stock-based merger could be an option, leaving the company with more cash to handle other opportunities.

Tags: nokia  alcatel-lucent 

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