General Nokia may seek wireless tie-up with Alcatel-Lu

General Nokia may seek wireless tie-up with Alcatel-Lu

2013/09/26

Nokia, shortly to be reduced to an infrastructure company, is pondering a tie-up with Alcatel-Lucent, reports Reuters.

Nokia’s infrastructure business has annual revenues of $18 billion and the company
still has net cash of over €4 billion.

Recently it bought out Siemens’ share of the business.

Alcatel-Lucent has lost an average of $934 million every year since the disastrous takeover of Lucent in 2006.

Recently Qualcomm bought a stake in the company and started a small cell joint development programme with it.

Alcatel-lucent’s new CEO, Michel Combes, is looking for similar i.e. R&D plus minority stake deals.

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