A view of Nokia head offices in Espoo in Finland in this file photo. Nokia will buy Alcatel-Lucent in an all-share deal that values its smaller French rival at 15.6 billion euros (US$16.6 billion), building up its telecom equipment business to compete with market leader Ericsson. Nokia’s takeover of Alcatel-Lucent will redefine a telecom equipment sector suffering weak growth prospects and pressure from low-cost Chinese players Huawei and ZTE. The combined company will have about 114,000 employees and combined sales of around 26 billion euros. In mobile equipment it will rank a strong second, with global market share of 35 percent, behind Sweden’s Ericsson with 40 percent and ahead of Huawei’s 20 percent, according to Bernstein Research.SD-Agencies