Huawei has no plans to acquire Nokia, despite widespread reports and chairman’s comments

Huawei Logo StageHuawei made the most of its big day yesterday, as in addition to announcing the Ascend P6 smartphone, it was also linked with an acquisition deal between it and Nokia. The story was published by the Financial Times, and quoted Huawei chairman Richard Yu, who apparently said, “We are considering these sorts of acquisitions; maybe the combination has some synergies but depends on the willingness of Nokia.” He closed by saying he was, “Open-minded” about such a deal.

Yu also scoffed at Nokia’s decision to go with Microsoft’s Windows Phone operating system, saying the platform is, “Weak” and its low market share makes it difficult to say if it’ll ever be successful. He also commented that it costs money to license Windows Phone, while Huawei’s primary OS of choice, Android, is free.

All this talk saw Nokia’s stock price rise by 12 percent, emphasizing the company’s still precarious position, and talk broke out that a deal was brewing. However, this isn’t, and doesn’t seem to have ever been, the case. The FT article states that sources close to the group told it there was, “nothing on the table,” while Nokia offered no comment on the situation to other publications.

Huawei was seemingly inundated with calls to comment, as it eventually sent an emailed statement saying it, “Has no plans to acquire Nokia.” A spokeperson told Bloomberg, “In the whole history of our company, we have done very few, very small acquisitions.” It’s not for want of trying though, but its attempts to buy 3Com and 3Leaf Systems in 2007 and 2010 respectively, were blocked by U.S. regulators.

So why would it be sniffing around Nokia? Aside from it being prime acquisition material – something it has been for several years now, and Huawei isn’t the first to consider making a bid – Nokia would help Huawei to break into the international smartphone market in a major way, something it’s still struggling to do. With attempts to make it big in America thwarted by accusations of it being a risk to national security, Huawei may be turning to Europe, where it has a stronger presence thanks to several network and infrastructure equipment deals. The Ascend P6, for example, was launched in London and so far only scheduled for release in Europe and China.

At this time, then, a Huawei acquisition of Nokia looks highly unlikely, but that’s not to say Huawei isn’t laying the groundwork for a more concerted effort in the near future.

Deals

Need a last-minute gift? Get an iPhone Wireless Charger for under $20

Whether you're looking for stocking stuffers or gift ideas, these deals from Mophie, Anker, and Yootech can get you a wireless charging pad for cheap. Don't settle for wired charging if you don't have to.
Deals

Save up to $750 with the best smartphone deals for December 2018

Need a better phone but don't want to spend a fortune? It's never a bad time to score a new smartphone and save some cash. We rounded up the best smartphone deals available that can save you as much as $750.
Home Theater

Sling TV ramps up its base programming with Discovery Networks for free

Sling TV has grown a great deal since its launch. Now there are more channels and more packages to chose from, with prices to match, and more is being added all the time. Everything you need to know is right here.
Deals

The best iPhone deals for December 2018

Apple devices can get expensive, but if you just can't live without iOS, don't despair: We've curated an up-to-date list of all of the absolute best iPhone deals available for December 2018.
Deals

Here are the best laptop deals for December 2018

Whether you need a new laptop for school or work or you're just doing some holiday shopping for a special someone, we've got you covered: These are the best laptop deals going right now, from discounted MacBooks to on-the-go gaming PCs.
Mobile

The OnePlus 6T McLaren Edition comes with 10GB of RAM, and supercar style

OnePlus has partnered with McLaren F1, creating the OnePlus 6T McLaren Edition. With 10GB of RAM and all the usual top-level hardware, this new flagship killer comes with some new design touches.
Mobile

New Moment photo cases and lenses are a big plus for the OnePlus 6

Moment has announced that it is now releasing photo cases and lenses for the OnePlus 6 and OnePlus 6T, giving owners of those phones the ability to add on some high-quality photographic accessories.
Mobile

Vivo Nex Dual Display Edition: Everything you need to know

The Vivo Nex Dual Edition is the gorgeous flagship we need to close out 2018. In addition to dual screens, the Nex Dual Edition has some other awesome features. Here's everything you need to know about the new Vivo Nex Dual Edition.
Mobile

On a budget? We found the best affordable smartphones you can buy

Here are the best cheap phones for anyone working with a tight budget, whether you're a fan of stock Android or marathon battery life. Find out what you can get for under $500 or far, far less as we round up the best budget smartphones.
Home Theater

Set your ears free with the best completely wireless earbuds

If you can't stand the tangle of cords, or you're just excited about completely wireless earbuds, you're going to need some help separating the wheat from the chaff. Our list serves up the best wireless earbuds around.
Deals

REI clearance sale extends discounts on Garmin, Fitbit, and GoPro devices

Beyond the things you typically expect to find at REI — like tents, skis, and jackets — there are tons of great deals on quality tech foryour outdoor adventures. From smartwatches to action cameras, here are the best tech deals.
Mobile

Put down the controller and pick up the best phones for gaming on the go

Which phones are the best if all you want to do is play some mobile games? We've done the hard work and put together a list of the best gaming phones on Android and iOS, so you can keep playing and winning.
Social Media

#ThrowbackThursday is only the start: Instagram hashtags for every day of the week

Not getting your hashtag fill with #ThrowbackThursday or #ManCrushMonday? Here's a list of some of the more popular Instagram hashtags, so you can outfit your next post with the proper tag, regardless of what day it is.
Mobile

Protect your new iPhone with one of our favorite iPhone XR cases

Apple's new iPhone range is the toast of 2018, with beautiful style and more power than you can shake a stick at. But beauty can often be fragile -- keep the damage to a minimum with the best iPhone XR cases.