Huawei Not Interested In Acquiring A Phone Maker

Microsoft announced earlier this week that it has acquired Nokia’s phone business. This lead many analysts to speculate about the future of struggling phone manufacturers such as BlackBerry and HTC. BlackBerry has already formed a special committee to look into a possible sale of the company, though it is believed that there hasn’t been any interest in a whole acquisition of the company as yet. It was rumored earlier today that BlackBerry wants to close its sale by November. As far as HTC is concerned, the company recently rubbished rumors that it was being put up for sale. Even if both companies become available for sale, China’s Huawei won’t be going for them, this according to Huawei’s senior vice president and board member Chen Lifang.

Back in June, Huawei’s Richard Yu was quoted as saying that they were considering acquiring Nokia. Huawei downplayed the report the next day, saying that it wasn’t interested. It appears that the Chinese manufacturer doesn’t want to take on a struggling company. Chen Lifang told reporters in London that “we want to rely on ourselves,” and that they haven’t considered an acquisition. Huawei isn’t exactly known for its smartphones in the West, but it one of the major players in the highly lucrative and massive Chinese market.

This article was filed in Homepage > Cellphones and was tagged with BlackBerry, HTC and Huawei. The story was spotted on reuters
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