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THE FOUNDATION FOR OUR FUTURE

OCTOBER 2013–JANUARY 2016

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Alcatel-Lucent and Nokia complemented each other perfectly, like the pieces of a jigsaw puzzle fitting neatly into place.

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BACK IN THE fall of 2013, Jesper Ovesen, the executive chairman of NSN, capped a routine presentation to the board with a surprising demand: Merge with Alcatel-Lucent within the next three weeks. I have rarely been as surprised at a board meeting—not by the idea, but by the proposed timeline.

Merging with Alcatel-Lucent would increase NSN’s market share in the global ...

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