Nokia in 'advanced discussions' to acquire French telecommunications company Alcatel-Lucent

Industries Associated Press

Nokia says it is in advanced discussions to acquire the French telecommunications company Alcatel-Lucent.

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In a brief statement Tuesday, the Helsinki-based mobile technology concern said the two companies are in advanced negotiations "with respect to a potential full combination which would take the form of a public exchange offer by Nokia for Alcatel-Lucent."

However, Nokia said there was no certainty that the talks would result in an agreement or transaction.

No further details were immediately available. Nokia said that a further announcement would be made when appropriate.