Cisco Systems is said to be mulling buying Nokia, the world's largest wireless handset maker, according to a report in the U.K.-based Sunday Business newspaper this weekend.
The newspaper reported that Cisco was interested in merging with a wireless infrastructure company, and that "Nokia has been identified as the most likely target."
The newspaper added that because of the fast merging of wired and wireless networks, Cisco has decided it needed to merge with a wireless firm in order to quickly gain technology for building wireless applications.
A Nokia spokesperson told the Reuters news agency that it would not comment on the report.
Cisco has a market capitalization of about $123 billion, while Finland's Nokia has market capitalization is approximately $70.6 billion.
Making the jump from outdated legacy technology to a more modern digital infrastructure will allow businesses to innovate at the speed and scale needed in today’s marketplace.
The business world is speeding up. The longer IT leaders wait to get their needs met, the more at risk their businesses and their jobs will be.
By arming SD-WAN networks with end-to-end intelligence, analytics-driven predictions, and predictive automation solutions, IT teams can simplify infrastructure management and assure higher levels of quality experiences for users.
