Cisco planning to buy Nokia

Cisco has traditionally concentrated on acquisitions of nice technology players but it looks the company is now interested in merging with a wireless infrastructure company.

According to an article from Business on Sunday the most likely target is Nokia.

Cisco, the largest maker of Internet equipment is worth around $123 billion, while Nokia's market value is about $71 billion.

The paper said Cisco's mainstay networking market was fast changing with the convergence of fixed-line and wireless networks, and Cisco needed a merger to acquire the technology to create intelligent wireless applications, which Finnish-based Nokia could provide.

More info at WashingtonPost