Boston, MA 05/23/2014 (wallstreetpr) – Networking gear provider Juniper Networks, Inc. (NYSE:JNPR) and streamlined Nokia Corporation (ADR) (NYSE:NOK) have a common goal of growth and creating shareholder value. Therefore, the companies believe that tapping into each other’s technologies especially in the face of red-hot industry competition would support their growth and value creation objectives. However, the companies would still not merge, at least not now.
Though it was rumored in the past months that a streamlined Nokia after selling its handset business to Microsoft Corporation (NASDAQ:MSFT), would seek a merger deal with other networking hardware companies, such as Alcatel Lucent SA (ADR) (NYSE:ALU), the company seems interested in remaining a standalone entity. In any case, it looks good for Nokia to avoid another disruptive reorganization that might come with the merger when it just recently minted itself into a more focused wireless network company.
However, while choosing to remain as separate business entities, Nokia and Juniper Networks, Inc. (NYSE:JNPR) seek to torment rivals together. The companies seek to grow and create value for their respective shareholders and customers through a smarter arrangement in a partnership.
Eye On Telecom Industry
The focus of their partnership will be creating products that the telecom industry seeks as players aim to improve network performance, costs and enhanced capacity. The companies have technologies that when delivered together can help telecom providers significantly expand their infrastructure and improve service quality without breaking the bank.
Taking On Competitors
In teaming together to better serve the telecom market, Nokia and Juniper Networks, Inc. (NYSE:JNPR) are not afraid to upset rivals Alcatel-Lucent, Cisco Systems Inc (NASDAQ:CSCO), Huawei and Ericsson among other competitors.
Even in a partnership, Juniper Networks, Inc. (NYSE:JNPR) still seeks to do more by itself. The company recently announced executive changes in its Australia/New Zealand division in efforts aimed at expanding operations and enhancing sales in the region. The company seems to be looking more into the emerging markets where there are widespread potentials.