Business, Mobile

Nokia in Talks to Acquire Alcatel-Lucent’s Assets


Image Source: bloomberg

Finnish mobile phone maker, Nokia is in serious talks to acquire the wireless infrastructure business of telecom firm Alcatel-Lucent.

According to a report by Agence France Presse (Paris), the declaration of a deal is expected to be made soon. Speculations are being made since December of a possible deal between Nokia and its aforementioned Franco-American rival.

The acquisition would give a significant boost to the market share of Nokia. The Alcatel-Lucent unit had accounted for 36% of total sales for the Paris-based company in 2014, generating $5 Billion, stated Bloomberg News.

The deal would help Nokia better its mobile infrastructure business against Swedish arch-rival Ericsson, as it could profit from Alcatel’s position as a leading supplier of 4G and LTE mobile networks and related services.

Nokia is looking forward to get an approval by the French Government  and is involved with the authorities in an attempt to preserve research jobs in France.

However, the two firms have not yet commented on the matter.

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