Paper: Cisco mulls buying Nokia

Aug 07 2005 - 08:21 AM ET | Nokia, Rumor
According to an article in Sunday Business (not currently online), a UK business weekly, Cisco Systems is considering buying Nokia. Earlier this month, Nokia's CEO announced that he would be retiring next year. The article notes that Cisco CEO John Chambers is very interested in merging with a wireless infrastructure company. Cisco is the much bigger company, with a market cap of $123B versus Nokia's $71. Both companies refused to comment.