21-04-2015 18:21 via uk.news.yahoo.com

Nokia bets software revolution will help avoid past merger errors

By Leila Abboud, Jussi Rosendahl and Sven Nordenstam PARIS/HELSINKI/STOCKHOLM (Reuters) - Nokia's acquisition of smaller rival Alcatel-Lucent may avoid the pitfalls that befell earlier telecom network equipment marriages, thanks to a revolution over the past decade in how products are launched and developed. Nokia has promised 900 million euros (£647.21 million) of cost savings by 2019 from the Alcatel-Lucent acquisition, which is set to be completed in the first half of next year. Analyst
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