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Nokia agrees to buy Alcatel-Lucent for 15.6b euros

Deal will result in a company that surpasses Ericsson and Huawei in wireless-infrastructure revenue, says IDC

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(From left) Nokia chairman Risto Siilasmaa and CEO Rajeev Suri, and Alcatel-Lucent CEO Michel Combes and chairman of the supervisory board Philippe Camus in Paris, after officialising the merger of the two companies on Wednesday.

Stockholm

NOKIA Oyj agreed to buy Alcatel-Lucent SA in an all-stock deal valued at 15.6 billion euros (S$22.5 billion) to create the world's largest supplier of equipment that powers mobile-phone networks.

Alcatel investors will receive 0.55 Nokia shares for each stock they own,

sentifi.com

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