The $16.6 billion deal will see the companies combine their networking and telecoms strengths.
Nokia is looking to become a "global leader" in technology with the purchase of French company Alcatel-Lucent in a deal worth $16.6 billion.
Following speculation regarding a deal, Finnish telecoms giant Nokia admits it's in discussions with its French rival, but warns that nothing is certain yet.
The Finnish company may be finished with phones, but it has come a long way since starting as a paper mill in 1865.
Former handset giant calls reports it will rejoin the smartphone sector in 2016 "false."
The company's "Unified Wireless Networks" concept promises to more than double your download speeds, boost your upload speed by 55 times and double the Wi-Fi range.
The struggling network equipment maker will cut its workforce by about 14 percent in an effort to trim $1 billion in costs, European newspapers report.
The new 100Gbps fiber-optic link will open up international communications for 15 telecommunications companies and protect against severed cables or other problems.
The telco company will demonstrate how a phone can simultaneously communicate over three network conduits for higher data-transfer rates.
The two companies' trial hit speeds of 1.4 million megabits on existing cables -- 10,000 times faster than the best broadband you can buy.