Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Market / Stock-market-news/  Alcatel-Lucent shares jump on report of merger talks with Nokia
BackBack

Alcatel-Lucent shares jump on report of merger talks with Nokia

The companies restarted discussions this fall, says a German magazine report

In 2013, Nokia had evaluated options including a combination with Alcatel-Lucent’s wireless-networks business, a person with knowledge of the matter said at the time. Photo: AFPPremium
In 2013, Nokia had evaluated options including a combination with Alcatel-Lucent’s wireless-networks business, a person with knowledge of the matter said at the time. Photo: AFP

Paris/Berlin: Alcatel-Lucent SA shares jumped as much as 6.4% after a German magazine reported that the French network-equipment vendor is in merger discussions with Finnish competitor Nokia Oyj.

The companies restarted discussions this fall, Manager Magazin reported, citing unidentified people. The companies are also considering cooperation, the magazine said. An Alcatel-Lucent representative declined to comment. A Nokia representative didn’t immediately return a call seeking comment.

In 2013, Nokia had evaluated options including a combination with Alcatel-Lucent’s wireless-networks business, a person with knowledge of the matter said at the time. A takeover would help Nokia add business in the US, helping the Finnish company shrink the gap with market leader Ericsson AB.

Alcatel-Lucent added 5.5% to €2.81 at 12:48pm in Paris after rising as high as €2.83. Nokia rose 2.1% to €6.46 in Helsinki.

Nokia, based in Espoo, Finland, sold its money-losing mobile-phone unit to Microsoft Corp. for about $7.5 billion this year. Bloomberg

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 18 Dec 2014, 08:14 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App