Nokia is considering to buy Juniper Networks in an effort to beef up its telecom networks business, according to a report by German’s Manager MagazineOnline.
According to the report, Rajeev Suri, the CEO of NSN (Nokia Solutions and Networks) traveled to meet with the management of Juniper for seeking opportunities of even closer cooperation and the possibility of a merger.
NSN is now the primary business operation of Nokia after its deal with Microsoft to sell its devices and services unit for $7.4 billion.
A source from Nokia told Reuters that there was not any immediate possibility of such deal. However, analysts are of the view that the smaller networks players like NSN will be on the look for mergers and acquisitions because the economies of scale and size puts the bigger players in networking at an advantage because of bigger budgets reserved for research.
Sources have said that Nokia will have to offer a premium of up to 20 percent on the present stock price of Juniper to attract it. The current stock market value of Juniper is $13.7 billion.