Nokia to consider more acquisitions, CEO says

Nokia must keep an eye out for possible acquisitions, the company's incoming CEO Olli-Pekka Kallasvuo was quoted in a Reuters report as saying.

The report, citing the Web site of Finnish magazine Talouselama, quoted Kallasvuo as saying that 'Nokia has to consider acquisitions and cooperation scenarios pragmatically also in the future.'

Earlier this month, Nokia completed its acquisition of US 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, reports said.

Kallasvuo, currently Nokia COO, would take over as CEO from Jorma Ollila on June 1, the report said.

'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,' he was quoted by Reuters as saying.

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