Nokia must be alert to acquisitions

HELSINKI: The world's top mobile phone maker Nokia Oyj must keep an eye out for possible acquisitions, the company's incoming Chief Executive Olli-Pekka Kallasvuo was reported as saying on Friday.

"Nokia has to consider acquisitions and cooperation scenarios pragmatically also in the future," Kallasvuo said on the Web site of Finnish business magazine Talouselama.

Earlier this month, Nokia completed its acquisition of U.S. wireless messaging and e-mail company Intellisync, and said it had agreed to form a CDMA mobile phone joint venture with Japan's Sanyo Electric Co.

Kallasvuo, who is Nokia's chief operating officer and will take over as CEO from Jorma Ollila on June 1, said the company's Multimedia and Enterprise Solutions units were investing heavily in innovative products.

"In mobile phone operations we aim for leadership in everything. If you aren't the leader in each sector and segment, you will easily lose out. You cannot be strong in one area and just take part in another," Kallasvuo said.