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

How would you prefer to achieve the next phase of growth?
Acquire another company
Merge with another company
Get acquired by another company
Go public on the sharemarket
View poll archive

Log In

Username / Email:
Password:
  |  Forgot your password?