Thursday, 29 June 2017

Nokia confirms talks to buy Alcatel-Lucent

By Mary Lennighan, Total Telecom
Tuesday 14 April 15

Negotiations could lead to full merger, but while tie-up would lead to scale benefits, integrating two vendors is no easy task.

Nokia on Tuesday revealed that it is holding talks that could see it buy out arch-rival Alcatel-Lucent. In response to media speculation on the subject, the companies issued a joint statement to confirm "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." The European equipment makers added the usual caveat that there is no certainty the talks will result in a deal and said they will make a further announcement when appropriate…

Nokia on Tuesday revealed that it is holding talks that could see it buy out arch-rival Alcatel-Lucent. In response to media speculation on the subject, the companies issued a joint statement to confirm "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." The European equipment makers added the usual caveat that there is no certainty the talks will result in a deal and said they will make a further announcement when appropriate…

Please login or register to view this content

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry