Nokia CEO: Alcatel-Lucent takeover “more about innovation than costs”

April 17, 2015 7:50 AM

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Nokia's top executives said on Friday morning that it is too early to discuss possible job losses following the massive buyout of French rival Alcatel-Lucent – a deal some three times larger than Microsoft’s purchase of Nokia’s handset business in 2013.

Nokia CEO Rajeev Suri said on Friday morning that the network company’s acquisition of its French rival Alcatel-Lucent is “more about competitiveness and innovation than costs”.

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