Does Huawei have its eye on Nokia?

Dylan McGrath, EETimes
6/20/2013 2:24 PM EDT

Nokia's stock surged after reports speculating that the struggling Finnish handset maker would be an acquisition target of Chinese telecommunications giant Huawei. Huawei has since refuted the reports.

The Financial Times reported earlier this week that Richard Yu, chairman of Huawei’s consumer business group, said his firm could be interested in acquiring Nokia. The FT reported that Yu said Huawei is "considering these sorts of acquisitions" but that it "depends on the willingness of Nokia."

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