Fibre Optique

Nokia (NOK) and Alcatel-Lucent (ALU) surprised on Tuesday by confirming that the rivals are in talks about a full potential combination. Although the companies said in a brief joint statement that there is no certainty the discussions will result in agreement or transaction, they are hashing out a deal that would see Finland-based Nokia make a public offer for France-based Alcatel-Lucent. BMO Capital Markets analyst Tim Long called the possible deal positive for the whole sector. He said a merger with Alcatel-Lucent would significantly broaden Nokia's product set and allow for better restructuring of Alcatel-Lucent's business. He has a Market Perform rating on Nokia, and an Outperform rating on Alcatel-Lucent.

Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV

For more content from TheStreet visit: http://thestreet.com
Check out all our videos: http://youtube.com/user/TheStreetTV
Follow TheStreet on Twitter: http://twitter.com/thestreet
Like TheStreet on Facebook: http://facebook.com/TheStreet
Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet
Follow TheStreet on Google+: http://plus.google.com/+TheStreet

Date Added: 2019-02-17

Category: alcatel lucent

Watched 138 times

Tags: None