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Nokia's reinvention strategy faces its biggest test

It will complete US$16.6b takeover of rival Alcatel-Lucent in early 2016; move is seen as key to years-long makeover


Espoo, Finland

TUCKED away down a corridor at Nokia's headquarters here is a reminder of its 150-year history. A colourful display traces its transformation from a maker of rubber boots in the 19th century to the world's largest manufacturer of cellphones, whose market capitalisation once...