Nokia (Swiss: NOK1V.SW - news) has struck a 15.6 billion euro deal to buy its rival Alcatel (Paris: FR0000130007 - news) -Lucent to create the world's biggest supplier of mobile phone network equipment Cheap College Basketball Jerseys , both companies said on Wednesday.

The Finnish telecom giant has agreed to give shareholders in its Franco-American rival 0.55 shares in the new merged company for every one of their own.

The new group "will be uniquely positioned to create the foundation of seamless connectivity for people and things wherever they are," Nokia's statement said.

It will go by the name Nokia, be based in Finland, and be run by Nokia's current management team, it said.

The group is targeting savings of 900 million euros ($960 million) in costs by the end of 2019 without further job cuts following the restructuring Cheap College Jerseys China , both companies said, adding that the merger should save an additional 200 million euros in financial charges.

Alcatel-Lucent boss Michel Combes, told French TV channel BFM Business that the new group was committed to "increasing R&D activities in France by 25 percent" by hiring 500 additional researchers, bringing the total research and development workforce in the country to 2,500.

"The new group's innovation and research capabilities on a global scale will be spearheaded in France Cheap College Jerseys ," he said.

The French government said Tuesday it was concerned about jobs disappearing in France if the merger were to go through.

Rumours have swirled since December of a possible deal between the two firms, with France's Les Echos reporting on Monday that executives had been in negotiations since January.

Nokia was the world's biggest mobile phone maker for more than a decade until it was overtaken by South Korea's Samsung in 2012.

Then in 2014, Nokia sold its mobile phone and tablet division to US software giant Microsoft (NasdaqGS: MSFT - news) , and the company now develops mobile and Internet network infrastructures for operators.

Nokia is now set for a significant boost in market share.

The deal will also help Nokia bolster its mobile infrastructure business against Swedish arch-rival Ericsson (Xetra: ERCA.DE - news) and China's Huawei, profiting from Alcatel's position as a leading supplier of 4G and LTE mobile networks and related services.

Kuomintang Honorary Chairman Lien Chan leaves Peking University with his wife Lien Fang-yu on Wednesday. At a ceremony that day Cheap Jerseys Shop , the university made Lien an honorary professor. Zhu Xingxin China Daily

Beijing called on Wednesday for more people-to-people contacts with Taipei to deepen understanding as a follow-up to formal meetings between cross-Straits affairs officials from the two sides.

Top political adviser Yu Zhengsheng also called for more innovative thinking to discover opportunities for cooperation.

"The regular communication mechanism, established between departments on both sides in charge of cross-Straits affairs, should play a more positive role to boost exchanges and consultations," said Yu, chairman of the National Committee of the Chinese People's Political Consultative Conference.

Yu's remarks Cheap Jerseys From China , at a symposium with the visiting Taiwan delegation, followed the recent first meetings between senior officials from both sides who are in charge of cross-Straits affairs. Kuomintang Honorary Chairman Lien Chan is leading the 80-member civilian delegation from Taiwan.

"More people from both sides participating in exchanges will further solidify the peaceful development of cross-Straits ties," Yu said.

"Relations between the mainland and Taiwan will go far and grow steadily as long as both sides deepen understanding on the "1992 Consensus" within the one-China framework," he added.

Lien said cross-Straits relations are at a "critical juncture", and people from Taiwan and the mainland are both striving for happy lives.

"The two sides should promote relations on a new level based on our shared aspirations Cheap Jerseys China ," Lien said. "I hope more people from all walks of life in Taiwan will interact with the mainland to build trust and the basis of cooperation for the future development of cross-Straits ties."

More than 40 mainland representatives and 70 Taiwan counterparts joined the discussion, titled "Deepening Communication, Common Development", that covered a broad range of cross-Straits topics such as economics, education and the military.

"Healthy development of cross-Straits relations hinges on people's support on both sides Cheap Jerseys ," said Kuo Yun-hui, chairman of Taiwan's Borough Warden Association.

"Communication on the local level helps to dispel misunderstandings. The two sides should shatter stereotypes about each other on the basis of shared Chinese culture, and develop a stable and irreversible trust mechanism among the people."

Peking University President Wang Enge called on deeper cooperation on education between the mainland and Taiwan. "The depth and frequency of exchanges between the young generation on both sides of the Straits should be promoted to bridge the gap of understanding," he said.

The Taiwan delegates include public figures from all walks of life in Taiwan, such as Buddhist master Hsing Yun and Hon HaiFoxconn Chairman Terry Gou.

Lien will conclude his mainland visit in Shenyang Wisconsin Badgers Throwback Jersey , Liaoning province, on Thursday, where he will pay respects to his ancestral tombs.

Chu Jingtao, a researcher of Taiwan studies with the Chinese Academy of Social Sciences, said Lien is emerging as an important player in the continuing improvement of cross-Straits relations.

"Pioneered by Lien West Virginia Mountaineers Throwback Jersey , cross-Straits communications have spread among civilians, parties and executive bodies," Chu said. "Calls on the island to engage in talks with the mainland are growing stronger."

In 2005, Lien made his ice-breaking visit to the mainland to meet then-Party head Hu Jintao. Since then, Lien has traveled to the mainlan. Cheap Soccer Hoodies   Cheap Hats   Cheap NBA Jerseys China   Cheap MLB Shirts China   Cheap Soccer Shirts Free Shipping   Cheap NFL Jerseys Free Shipping   Cheap NFL Hats China   Wholesale Jerseys   Wholesale Shirts   Wholesale Shirts