Finland's Nokia announced on Tuesday that it was in advanced talks to purchase all of its Franco-American rival Alcatel-Lucent.
"Nokia and Alcatel-Lucent confirm that they are in advanced discussions with respect to a potential full merger, which would take the form of a public exchange offer by Nokia for Alcatel-Lucent," said a statement.
"There can be no certainty at this stage that these discussions will result in any agreement or transaction," it added.
The announcement came a day after reports that Nokia was in talks to acquire Alcatel-Lucent's wireless infrastructure.
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