Nokia will revamp its operations with the largest corporate acquisition in the economic history of Finland. The manufacturer of network equipment on Wednesday announced that it will acquire its French rival Alcatel-Lucent in a 15.6 billion euro all-share deal and confirmed that it is exploring the sale of its mapping and location unit, HERE.
HS in English
Nokia to take over Alcatel-Lucent
The takeover is significant also in France, as evidenced by the fact that the chief executives of both companies presented its details to François Hollande, the President of France, on Tuesday.