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."

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