The Finnish telecommunications company said the acquisition would help Nokia gain market share in network implementation.
Shares of Nokia are up 0.59% to $7.66 in mid-morning trading on Wednesday.
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Gainers include ArcelorMittal, Lafargeholcim, Nokia, Maersk
For a variety of reasons, many of Juniper's peers are unlikely to bid for the company. But if its size isn't an issue, private equity firms could show interest.