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
Trending On Reuters
Sony Cyber Attack
U.S. President Barack Obama moved to prevent U.S. anger at North Korea from spiraling out of control on Sunday by saying the massive hacking of Sony Pictures was not an act of war but instead was cyber-vandalism. Full Article