The Traderszone Network

Published in TZ Latest News 14 April, 2015 by The TZ Newswire Staff

Nokia to buy Alcatel-Lucent to grow in telecom equipment

HELSINKI/PARIS (Reuters) – Nokia will buy Alcatel-Lucent in an all-share deal that values its smaller French rival at 15.6 billion euros ($16.6 billion), building up its telecom equipment business to compete with market leader Ericsson. Nokia’s takeover of Alcatel-Lucent will redefine a telecom equipment sector suffering weak growth prospects and pressure from low-cost Chinese players Huawei [HWT.UL] and ZTE. The combined company will have about 114,000 employees and combined sales of around 26 billion euros.

read more