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Published in TZ Latest News 13 April, 2015 by The TZ Newswire Staff

Nokia in advanced talks to scoop up Alcatel-Lucent assets: Report

Nokia Oyj is in advanced negotiations to acquire part of Alcatel-Lucent SA to strengthen its telecommunications-equipment business and better compete with Ericsson AB, according to people familiar with the matter. Espoo, Finland-based Nokia may announce an agreement to buy Alcatel’s wireless assets as early as this week, the people said, asking not to be identified because the discussions are private. While a full takeover of Alcatel has also been examined, a purchase of the wireless unit remains the most likely scenario, the people said.

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