Reuters: Technology News: China's Huawei rules out large acquisitions: report

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China's Huawei rules out large acquisitions: report Oct 13th 2013, 16:17 Tweet Share this Email Print Reprints Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » A man walks past a Huawei company logo outside the entrance of a Huawei office in Wuhan, Hubei province, October 9, 2012. Credit: Reuters/Stringer FRANKFURT | Sun Oct 13, 2013 12:17pm EDT FRANKFURT (Reuters) - China's Huawei, one of the world's largest telecoms network infrastructure providers, is not planning any large takeovers because it would be unable to integrate them, Deputy Chairman Guo Ping was reported as saying in German paper Welt am Sonntag. Ping, one of three deputy chairmen who take turns acting as chief executive, was responding to the paper's question on whether he could imagine buying one of Europe's big players in the sector, such as Nokia or Alcatel-Lucent. Huawei, which is also one of the world's leading handset manufacturers, last month ruled out the possibility of buying another mobile phone maker. However, Ping said that it would be open to cooperation with another handest company, the paper reported. Ping also rejected allegations from the U.S. Congress that technology from Huawei might be used to spy on its users and denied accusations by the European Commission that it would dump goods on the market at artificially low prices. (Reporting by Peter Dinkloh; Editing by David Goodman) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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