Nokia eyes Juniper Networks acquisition: report

By on
Nokia eyes Juniper Networks acquisition: report

Fresh off its acquisition of telecom power Alcatel-Lucent last year, Nokia is in in talks to buy Juniper Networks, according to a CNBC report.

Nokia's offer values Juniper at about US$16 billion, CNBC said citing anonymous sources, a total that exceeds Juniper's market capitalisation by about US$5 billion. The news spurred Juniper shares to climb nearly 20 percent after markets closed Wednesday.

A Juniper spokesperson told CRN USA the company would not comment on market speculation or rumours.

Juniper's networking business has been on a tear this year, boosting its revenue nearly 40 percent in the second quarter, according to IDC's most recent statistics. The company, like others in the market, trails Cisco – which controls more than half of the switching market – by a wide margin in that space, however.

Nokia acquired telecom powerhouse Alcatel-Lucent for about $16.6 billion last year.

This article originally appeared at crn.com

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © 2018 The Channel Company, LLC. All rights reserved.
Tags:

Most Read Articles

You must be a registered member of CRN to post a comment.
| Register

Poll

The most over-hyped technology trend of 2019 is...
Blockchain
AI
IoT
Everything-as-a-service
View poll archive

Log In

Username / Email:
Password:
  |  Forgot your password?