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Ericsson Open To Larger Acquisition After Nokia-Alcatel Deal

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Ericsson said that it is open to a transaction to counter a move by rivals Nokia and Alcatel-Lucent to combine and overtake the Swedish company as a leading provider of network equipment, Bloomberg reported.

The company’s CEO Hans Vestberg is reportedly planning to gather with his top managers next month to discuss strategy to counter Nokia’s $16.6 billion acquisition of Alcatel-Lucent. Click here to read original post

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Wahengbam Rorrkychand

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