June 18, 2013 / 6:46 PM / 4 years ago

Huawei might consider buying Nokia -report

NEW YORK (Reuters) - Chinese network equipment and cellphone maker Huawei Technologies Co. would consider buying Finland’s Nokia to help it expand its smartphone business, according to a story on the Financial Times website.

The logo for Chinese phone maker Huawei hangs above their booth on the first day of the Consumer Electronics Show (CES) in Las Vegas January 8, 2013. REUTERS/Rick Wilking

The story 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 and Huawei were not immediately available for comment. Nokia’s U.S. shares were up 26 cents or 7 percent at $3.95 after the report.

Reporting by Sinead Carew and Ritsuko Ando

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