Alcatel Lucent, Nokia Networks Reportedly in Merger Talks

Alcatel Lucent, Nokia Networks Reportedly in Merger Talks
Nokia Networks has entered fresh talks to merge with Alcatel Lucent , Germany's Manager Magazin reported on Thursday, citing company sources.

The two companies could merge or agree close cooperation, the magazine said, adding that talks had resumed in the European autumn.

Shares in Alcatel rose 5.8 percent following the report. Nokia was up 2.1 percent.

Manager Magazin also said Nokia was considering entering the wearable technology sector.

Alcatel declined to comment. Nokia was not immediately available for a comment.

© Thomson Reuters 2014

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