The headquarters of Finnish telecoms equipment maker Nokia in Espoo, Finland, is pictured with a fisheye lens on April 15, 2015. AFP PHOTO / LEHTIKUVA / Antti Aimo-Koivisto
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Nokia has agreed to buy the ailing French telecom company Alcatel-Lucent through a public exchange of shares in France and the United States, in a bid to become a leading global networks operator.The Finnish company said Wednesday that the all-share transaction will be on the basis of 0.55 of a new Nokia share for every share of Alcatel-Lucent.According to the deal, Alcatel-Lucent shareholders would own 33.5 percent of the fully diluted share capital of the combined company, with Nokia shareholders owning 66.5 percent, Nokia said.The combined company, known as Nokia Corp., will be based in Finland with "a strong presence in France," Nokia said.Ervasti described Alcatel-Lucent as a "sprawling" concern, and said Nokia might have to shed some operations.
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