Nokia confirmed Wednesday that it will buy Alcatel-Lucent, a deal that will create a telecom-supply giant and possibly spur a wave of consolidation in the industry.
The all-stock deal values the French firm at €15.6 billion ($16.6 billion). The combined company will be called Nokia Corporation, with headquarters in Finland.
Nokia is buying Alcatel-Lucent for $16.6 billion - Apr. 15, 2015
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