Nokia Renews Makeover Efforts with $16.6B Alcatel-Lucent Deal

Nokia Corp. is intensifying efforts to transform the company’s operations with an agreement to acquire French-American telecom equipment maker Alcatel-Lucent SA for about $16.6 billion. The deal is in continuation of a reorganization exercise that culminated almost one year ago in the sale of the Finnish company’s mobile handset division to Microsoft Corp. for $7.2…