DALIAN, China (Reuters) - China's Huawei HWT.UL, one of the world's top makers of networking equipment, on Thursday denied a report it was in talks to form an alliance with Franco-American rival Alcatel-Lucent ALUA.PA.
French magazine Challenges said the two companies had begun preliminary tie-up talks, envisioning making a certain number of products together, but had ruled out a merger.
Alcatel-Lucent shares rose slightly in Paris on Wednesday.
“The reports are inaccurate. Huawei is not in discussions with Alcatel-Lucent,” said Huawei spokesman Ross Gan. A spokeswoman for Alcatel-Lucent declined to comment to Reuters on Wednesday.
This is not the first time Huawei has scotched speculation of a linkup with Alcatel-Lucent.
Late last month, the Chinese company declared it had no plans to buy a stake in Alcatel-Lucent, two days after the latter’s stock surged 16 percent in a single session partly on market talk it could be bought by a Chinese rival.
There have been instances though where a Chinese company has said something and later done quite the opposite.
In May, Geely made a filing to the Hong Kong stock exchange saying it had no plans to submit a bid for Volvo.
Reporting by Kirby Chien and Marie Mawad; writing by Doug Young and Muralikumar Anantharaman, Editing by Ian Geoghegan
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