Mobile-app makers like Citi and Yahoo have been exploring potential acquisition opportunities for some time, but they haven’t made it clear exactly what kind of offer they would like to make to Nokia.
In a new interview with The Wall St Journal, Citi’s head of global technology acquisition, David Pappas, said that his bank has not been approached by any potential buyers.
Citi has been in talks with Nokia for several years, and the deal was a big one for the tech titan.
Nokia has been looking for ways to bring its hardware portfolio to mobile devices, which includes devices powered by the Symbian operating system.
The company has been rumored to be working on a hardware platform, but Citi said it was not in a position to confirm whether that was the case.
The news comes as a surprise to some Nokia fans.
“I have always believed that there is a lot of upside in what we’ve been doing,” Pappamas said.
“I believe in the business, and I know the future is bright for Nokia and we’ve made progress.”
In his interview, Pappamsays that Nokia has made “a lot of progress” with the business of mobile.
In a statement to The Wall Str, Nokia said: “It is clear that the Nokia brand is strong in Europe, the US, India and Africa.
We are excited to partner with Citi to drive our business forward.
We look forward to working together to build the best mobile experience in the world.”
For more, check out Fortune’s coverage of the deal.