(ANSA) - Rome, 14 APR - Nokia is in "advanced" talks to buy
smaller French rival Alcatel-Lucent, the Finnish telecom maker
said Tuesday.
In a joint announcement, the companies said they were in
"advanced discussions" on a "full combination, which would take
the form of a public exchange offer by Nokia for
Alcatel-Lucent".
The two, which have been seen as a possible combination for
several years, warned the talks could still fall apart.
Shares in Alcatel, a group worth about 11 billion euros
based on Monday's closing share price, rose 14% on the news.
Shares in Nokia, worth about 29 billion euros, dropped 7%.
Nokia in Alcatel takeover talks
Deal might still stall