Nokia to buy Alcatel-Lucent for €12bn
Nokia is to buy Alcatel-Lucent for over €12bn in an apparent bid to take on Ericsson to become the world's leading telecoms equipment firm.
The deal will create a combined company with more than 110,000 staff and give it a 35% share of the mobile equipment market.
The Finnish firm has managed to turn around its fortunes since the sale of its handset business to Microsoft.
