HELSINKI, April 29 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
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.
"In terms of larger players, if there is something that
makes sense, of course I will recommend that to the board. But
it needs to make sense, it needs to be a wisely thought-out
thing," Suri said.
"We will be open to the opportunities but (there's) no need
Suri also said the company could bundle intellectual and
technology licensing and grow in that manner.
($1 = 0.7223 euros)
(Reporting by Sakari Suoninen; editing by Jason Neely)