|By Tim Watson||
|February 25, 2014 04:19 PM EST|
Nokia is said to be considering purchasing U.S.-based networking equipment manufacturer Juniper Networks, MarketWatch reported Friday.
Citing a German online publication, MarketWatch says Nokia aims to expand a sales partnership with Juniper and is exploring a merger between Juniper and the Finnish company's Nokia Siemens Networks division.
The article states that Rajeev Suri, CEO of Nokia Siemens Networks, went to the U.S. in late 2013 to explore options with Juniper's management team.
Juniper has a market value of $14 billion, according to the article.
MarketWatch reports Nokia reached a $7.3 billion agreement to sell its handset business to Microsoft Corp.