Nokia CFO looks at software, services buys

NEW YORK (Reuters) - Nokia Oyj (NOK1V.HE)(NOK.N), the world's biggest maker of mobile phones, said on Monday it was looking for smaller acquisitions to strengthen its software and services offering.

"Those tend to be the smaller to mid size things," Nokia's Chief Financial Officer Rick Simonson said at the Reuters Global Technology, Media and Telecoms Summit.

"We have the financial capability to do acquisitions when they are value-adding. But we are disciplined when it comes to investment, when it comes to acquisitions," Simonson said.

Nokia had 9.1 billion euros ($12.3 billion) in cash and other liquid assets at end-March. It has since paid out some 1.7 billion euros in dividends.