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On January 14 2016, Nokia and Alcatel-Lucent celebrated their first day of combined operations. A couple of years earlier, Nokia and Microsoft formed a partnership,

On January 14 2016, Nokia and Alcatel-Lucent celebrated their first day of combined operations. A couple of years earlier, Nokia and Microsoft formed a partnership, which did not work well.

Why did Nokia and Alcatel-Lucent merge? Is their merger likely to be successful? What was the impact on the stock price?

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