Nokia in advanced merger talks with Alcatel-Lucent

The Finnish telecommunications giant Nokia said on Tuesday that it was in advanced talks to buy Alcatel-Lucent, its French rival, in a deal that could further consolidate the global telecom industry. A merger would increase pressure on other major telecom manufacturers, including Ericsson of Sweden, which holds the largest market share in the sector.

In recent years, a number of Chinese rivals, including Huawei and ZTE, have also become major challengers for new contracts with global carriers, particularly those in Asia. A potential.

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