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


For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Google Says Its AdSense Advertising Platform Now Speaks Hindi
Microsoft Xim Photo-Sharing App Update Brings Streaming Support, More

Related Stories

Share on Facebook Tweet Snapchat Share Reddit Comment




© Copyright Red Pixels Ventures Limited 2021. All rights reserved.
Listen to the latest songs, only on