Nokia Acquires Alcatel-Lucent

The combined telecom equipment provider will become one of largest firms in the industry.  The Finnish firm will combine the technological assets of the French firm Alcatel, along with the assets of the US telecom firm Lucent which had been acquired by Alcatel.  This is big step for Nokia which sold its cellphone business to Microsoft.  It hopes to become more competitive in the telecom market but there are questions about its ability to cut costs.