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General

Nokia drops idea of buying Alcatel units - report

Wednesday 20 November 2013 | 09:38 CET | News
Nokia has decided to not pursue formal talks into acquiring Alcatel-Lucent's IP-routing and wireless divisions to merge them into NSN, people familiar with the matter told the Wall Street Journal. Several people briefed on board meetings said that earlier this year Nokia's board had discussed a tie-up with Alcatel-Lucent, but that talks were never held. Nokia, which will focus more closely on NSN after the sale of its mobile phone business to Microsoft, is likely to periodically consider making a deal with Alcatel-Lucent as part of its rebuilding strategy, one person familiar with Nokia's

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Categories: General
Companies: Alcatel-Lucent USA/FR / Nokia
Countries: World
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