http://www.zdnet.com/article/alcatel...-15-6-billion/

A lot of articles seem to be reporting Nokia as buying Alcatel, but the reality is no cash is being paid, it's just shares being swapped. It's also wrongly been stated that buying Alcatel gives Nokia a foothold back into mobile devices. The Alcatel company that makes devices is actually a different Chinese owned company now.

Also confirmed is the reports that Nokia are looking to sell HERE maps. This move is not surprising to me, as Nokia's debt is rated as junk, and they probably need extra cash to fund the losses from Alcatel.

All in all, this is disappointing news, as it just confirms the current Nokia strategy (moving out of consumer devices to focus on the networking business). It would not surprise me if the next step was to find a new owner for Nokia Advanced Technologies.