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Nokia Confirms Talks to Acquire Alcatel-Lucent

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Apr 14, 2015, 7:25 AM by Eric M. Zeman

Nokia and Alcatel-Lucent today said they are in advanced talks concerning a merger or acquisition between the two. Such a deal would would produce a massive competitor to Sweden's Ericsson and China's Huawei in the telecommunications market. Nokia said the deal currently being considered would entail a "full combination" of the two companies, though the deal could still fall apart. Alcatel-Lucent is valued at about $11.63 billion while Nokia is valued at about $29.59 billion. France, where Alcatel-Lucent is based, is wary of the deal. "The government will be very vigilant regarding the possible consequences on employment and activity at the French sites of Alcatel-Lucent, notably in research and development, as well as the effects on the entire telecoms sector in France," said the French economy ministry. The combined entities could employ more than 100,000 workers, but Nokia and Alcatel-Lucent have on their own slashed thousands of jobs over the years. Nokia bought out its networking partner Siemens in 2014 to abolish Nokia Siemens Networks and form the current Nokia Corp. Alcatel-Lucent was formed in 2006 when France's Alcatel merger with the US's Lucent. A Nokia-Alcatel-Lucent merger could face significant hurdles attempting to gain regulatory approval.

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