Bulge bracket and boutique share fee bonanza for Nokia Alcatel deal

April 15, 2015 3:52 PM

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LONDON, April 15 (Reuters) - A Wall Street giant and a two-man advisory boutique are to share up to $67 million in fees for working on the 15.5 billion euro ($16.50 billion) tie-up between Nokia and Alcatel-Lucent, according to estimates from Thomson Reuters and Freeman Consulting.

JPMorgan was sole adviser to Nokia on the deal which will reshape the telecom equipment sector and could hand the U.S. bank between $24 million and $32 million in advisory fees, according to preliminary estimates.

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