Nokia revealed Tuesday it’s in advanced talks to buy the ailing French telecoms company Alcatel-Lucent, an apparent bid to become a leading global networks operator.
Hopes for a deal were boosted by news that the French government, which has a history of intervening in takeover attempts by foreign companies, would give its blessing.
In a brief statement, Nokia Corp. said the two companies are in negotiations “with respect to a potential full combination which would take the form of a public exchange offer by Nokia for Alcatel-Lucent.”
The Finnish company gave no details of the talks and denied further comment except to say that a further announcement would be made when appropriate.
Full Content: Reuters
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