Huawei says has no plans to buy Nokia

NEW YORK Tue Jun 18, 2013 4:10pm EDT

A man using his mobile phone walks under a Nokia logo in Shanghai December 6, 2012. REUTERS/Aly Song

A man using his mobile phone walks under a Nokia logo in Shanghai December 6, 2012.

Credit: Reuters/Aly Song

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NEW YORK (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 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)

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Comments (1)
gtyh wrote:
Huawei buying Nokia is a funny rumor for me.

Just as funny as Nokia building android phones.

Why should one change a Mercedes for a Fiat ??

I think if it was the other way it would be more credible.

This is simply impossible. It is like Gelly buing Ford 5 years ago.

!!! GO Nokia GO !!!

Jun 18, 2013 4:58pm EDT  --  Report as abuse
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