Nokia is buying Alcatel-Lucent for $16.6 billion

April 15, 2015 6:45 AM

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Nokia is buying Alcatel-Lucent for $16.6 billion

Nokia confirmed Wednesday that it will buy Alcatel-Lucent, a deal that will create a telecom-supply giant and possibly spur a wave of consolidation in the industry.

The all-stock deal values the French firm at €15.6 billion ($16.6 billion). The combined company will be called Nokia Corporation, with headquarters in Finland.

Also read: Nokia ready for smartphone comeback in 2017

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