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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

(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.


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,...

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