Nokia, Alcatel-Lucent confirm merger talks

Nokia (NYSE:NOK) and Alcatel-Lucent (NYSE: ALU) have confirmed that they're talking about a merger that would form the biggest supplier of wireless-network gear on the planet.

"In relation to recent media speculation Nokia and Alcatel-Lucent confirm that they are in advanced discussions with respect to a potential full combination, which would take the form of a public exchange offer by Nokia for Alcatel-Lucent," the companies said in a statement. "There can be no certainty at this stage that these discussions will result in any agreement or transaction."

FierceWireless has a complete summary of the news here. 

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