Telecom network companies Nokia and Alcatel-Lucent are merging. The companies have confirmed the speculations today. The deal would be worth 15,6 billion euros, which means that Alcatel investors will receive 0,55 Nokia shares. The new combined company would mean net sales of 25,9 billion euros and operating profit 307 million euros. The companies estimate that the synergies would be 900 million euros by 2019 and savings 200 million euros by 2017.
In the merge, the company headquarter would be in Finland. Alcatel investors would own 33,5 % of the new company and Nokia investors 66,5 % if the merger would be accepted as such. The new company is expected to operate in the beginning of 2016.