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Nokia CEO Suri: Open to acquisitions, but in no rush

29
Apr
2014

Finnish telecoms equipment maker Nokia has money to buy rivals, but will not necessarily need them, the incoming chief executive said on Tuesday, adding that he sees good potential for growth in patent licensing deals. Nokia has cash at hand after a 5.6 billion euro ($7.8 billion) sale of its mobile phone unit to Microsoft. Asked about acquisitions, Rajeev Suri told Reuters in a telephone interview that small ones are possible. But it needs to make sense, it needs to be a wisely thought-out thing,” Suri said.

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