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
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, the companies said on Wednesday. The price is equivalent to about 4.12 euros based on Nokia's closing price on Tuesday, or 8 per cent less than Alcatel's last close in Paris. Alcatel shares soared on Tuesday as the companies said they were in talks.
Nokia's biggest-ever acquisition would result in a company that surpasses Ericsson AB and Huawei Technologies in wireless-infrastructure revenue, according to researcher IDC. The deal would allow chief executive officer Rajeev Sur…
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