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)
Trending On Reuters
Nine months after Apple and IBM began working together on building mobile apps for businesses, some of the first fruits are about to appear at UK pharmacy chain Boots, which has begun equipping store employees with iPads to serve shoppers in the aisles. Full Article
Insight - Modi's popularity in rural India punctured by discontent, suicides Full Article