Last week, the Finnish telecom gear maker said it will acquire its Franco-American rival in an all-stock deal valued at 15.6 billion euros (USD 16.6 billion).
This will create an entity with a combined market cap of about 45 billion euro (close to USD 49 billion) and a revenue base of around 26 billion euro (about USD 28 billion).
Based on annualised revenue figures of 2014 fiscal, Nokia earned a revenue of 12.7 billion euro, with 26 per cent (about euro 3.4 billion) coming in from APJ/India.
If the deal goes through, the firm's combined revenue base will hit 26 billion euro, with APJ/India contributing 18 per cent or 4.7 billion euro (about USD 5 billion or close to Rs 31,300 crore).
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Interacting with reporters after making the announcement, Nokia President and CEO Rajeev Suri said: "Our strengthened presence in all geographies -- particularly in the US, China, Europe and Asia-Pacific -- would give us the scale and reach to better serve our customers' global needs."
The two firms announced that the deal is likely to be completed in the first half of 2016 and will result in 900 million euro of operating cost savings by 2019-end.
This can be the biggest deal in the telecom industry since Lucent Technologies acquired Ascend Communications for about USD 21 billion in 1999 and can be compared with Alcatel's 2006 purchase of Lucent for USD 13.4 billion.
Nokia had last year sold its struggling devices business to Microsoft for over USD 7.2 billion and is now exploring the sale of its HERE mapping unit, which analysts are estimating can fetch the firm up to USD 7.5 billion.