Huawei says has no plans to buy Nokia
NEW YORK (Reuters) - Chinese network equipment and cellphone maker Huawei Technologies Co HWT.UL said it "has no plans to acquire Nokia" (NOK1V.HE) (NOK.N), responding to a Financial Times report that it would consider buying the Finish 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 percent at $3.86 on the New York Stock Exchange. The stock had risen as high as $4.12 after the report.
(Reporting by Sinead Carew and Ritsuko Ando; Editing by Bernard Orr)
- Tweet this
- Share this
- Digg this
- Google's Pichai to oversee major products and services
- Modi takes tea, but no questions, in first press event as PM
- UPDATE 2-Motor racing-Caterham and Marussia to miss next races - Ecclestone
- Two killed, four wounded in Washington state school shooting
- Finance Minister Arun Jaitley favours interest rate cut - paper
Google Inc Chief Executive Officer Larry Page has put Sundar Pichai, one of his key lieutenants, in charge of the Internet company's products. The India-born executive will have oversight over products such as search, maps, Google+, commerce, advertising and infrastructure. Full Article
Google bolsters artificial intelligence efforts, partners with Oxford. Full Article