Nokia Could Buy Juniper Networks [Report]

Nokia does a lot more than just make phones, so its not like this iconic brand will completely disappear once its deal with Microsoft is formally closed. Even though it has unloaded its Devices and Services division to Microsoft for $7.1 billion, some businesses will remain under the Finnish company’s belt, including Nokia Solutions and Networks. It will become the company’s primary operation once the deal is closed within the next few weeks, and after spending years on cutting costs, NSN is now reportedly looking to expand. To do that, it may buy U.S. based Juniper Networks to expand its network gear business, this according a German magazine.

The magazine reports that NSN CEO Rajeev Suri went to the U.S. late last year to hold talks with Juniper Network’s management on closer cooperation and even a possible merger that could do wonders for NSN’s diminishing presence in the U.S. Both companies already collaborate on developing network equipment that is sold to mobile carriers. A dollar figure isn’t mentioned in the report, but Juniper itself has a stock market value of over $13 billion. To help finance the massive purchase, Nokia may use Juniper’s $3.1 billion cash. Both companies have declined to comment on this report, so its best to take it with a grain of salt right now.

This article was filed in Homepage > General and was tagged with Nokia. The story was spotted on reuters
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