What Nokia Should Really be Buying: a Chinese Rival

Nokia Corp. should be buying China’s ZTE Corp. and not Alcatel-Lucent SA, which it this week agreed to buy for $16.6 billion. If approved by regulators and shareholders such a deal would be transformative and open up new growth vistas across the industry, potentially sparking a flurry of East-West and West-East mergers and acquisitions. The…