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Nokia says it has no plans to make a bid for smaller rival Juniper Networks, denying a CNBC report.

"Nokia is not currently in talks with, nor is it preparing an offer for, Juniper Networks related to an acquisition of that company," Nokia said in a statement.

The backstory. After selling its phone unit to Microsoft, Nokia has doubled down on network gear buying Alcatel-Lucent and selling its mapping business, Here, to a consortium of German automakers.

Dig Deeper: Here is an interview I did earlier this year with Nokia CEO Rajeev Suri.

Nokia denies plan to buy Juniper Networks

CNBC had reported the Finishing network giant was prepping a bid.

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<p>Nokia says it <a class="gtmContentClick" data-vars-link-text="has no plans to make a bid" data-vars-click-url="https://www.nokia.com/en_int/news/releases/2017/11/30/nokia-comments-on-rumors-related-to-juniper-networks" data-vars-content-id="2d6a3e68-5bde-41d5-a508-8da6f2a4786f" data-vars-headline="Nokia denies plan to buy Juniper Networks" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.nokia.com/en_int/news/releases/2017/11/30/nokia-comments-on-rumors-related-to-juniper-networks" target="_blank">has no plans to make a bid</a> for smaller rival Juniper Networks, denying a CNBC <a class="gtmContentClick" data-vars-link-text="report" data-vars-click-url="https://www.cnbc.com/2017/11/29/nokia-prepares-offer-to-buy-juniper.html" data-vars-content-id="2d6a3e68-5bde-41d5-a508-8da6f2a4786f" data-vars-headline="Nokia denies plan to buy Juniper Networks" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.cnbc.com/2017/11/29/nokia-prepares-offer-to-buy-juniper.html" target="_blank">report</a>.</p><p>&quot;Nokia is not currently in talks with, nor is it preparing an offer for, Juniper Networks related to an acquisition of that company,&quot; Nokia said in a statement.</p>

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Nokia denies plan to buy Juniper Networks

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