Nokia bids to rebuild
Nokia is in talks to buy French telecoms firm Alcatel-Lucent for €15.6m, which would make it the second-biggest telecom equipment provider.
Nokia is in talks to buy French telecoms firm Alcatel-Lucent for €15.6m. The all-share deal will make the Finnish firm the second-biggest telecom equipment provider and help it compete more effectively with Sweden's Ericsson and China's Huawei.
The new company will be worth €40bn. The French government is backing the deal and no French job cuts are planned. Nokia shares fell 4%.
What the commentators said
The deal is "bold but messy", says Quentin Webb in Reuters BreakingViews. Both companies are already the "products of messy mergers and protracted restructurings."