Announced just hours ago, Nokia will be merging with Alcatel-Lucent creating a titanic telecom company with over 100,000 employees and US$27 billion in revenues. Nokia is the one taking control.
In the all-share transaction, Alcatel-Lucent shareholders will receive Nokia shares values at $16.6 billion.
The combined company will run under the Nokia brand, but will keep the Bell Labs brand dating all the way back to AT&T. The Lucent and Alcatel brands are expected to cease.
To see my initial opinion on the transaction, see http://www.truepulse.com/titanic-anniversary-may-coincide-nokiaalcatel-lucent-merger/
To see the announcement from Nokia see http://company.nokia.com/en/news/press-releases/2015/04/15/nokia-and-alcatel-lucent-to-combine-to-create-an-innovation-leader-in-next-generation-technology-and-services-for-an-ip-connected-world