Huawei says has no plans to buy Nokia

Thursday, 20 June 2013 00:10 - - {{hitsCtrl.values.hits}}

Reuters: Chinese network equipment and cellphone maker Huawei Technologies Co said it “has no plans to acquire Nokia,” responding to a Financial Times report that it would consider buying the Finnish phone maker. The denial came from Huawei’s Vice President for External Affairs, Bill Plummer. The story on the FT website on Tuesday had quoted the Head of Huawei’s Consumer Business Richard Yu as saying: “We are considering these sorts of acquisitions; maybe the combination has some synergies but depends on the willingness of Nokia. We are open-minded.” Nokia declined comment. Nokia’s U.S. shares closed up 17 cents or more than 4% at $ 3.86 on the New York Stock Exchange. The stock had risen as high as $ 4.12 after the report.

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