Huawei not interested in making any large acquisitions


Huawei is one of the Chinese technology firms that are enjoying a lot of growth at the moment and have been aggressively expanding to new markets in Africa and Latin America. It has also had quite a stint in North America, Australia and Europe before most of its most lucrative telecommunications contracts were terminated due to fears of spying by the Chinese government through equipment supplied and installed by Huawei and fellow Chinese firm ZTE. Huawei remains big and enjoys significant marketshare as far as mobile devices and telecommunication infrastructure globally go. This has led it to be associated with some of the industry’s best companies that are currently on the rocks. Huawei has in the recent past been linked with Blackberry with reports suggesting that the company could rescue the Canadian company that currently does not have things going its way. However that is not likely to happen. Not any time soon.

Huawei’s Deputy Chairman Guo Ping stated that Huawei is currently not interested in making large acquisitions but is still open to partnering with large firms particularly handset makers.

Recently there has been a spate of merger and acquisition talks with troubled companies like HTC and Blackberry being linked with several take-over bids. There are reports that Lenovo is eyeing Taiwanese device maker HTC while Blackberry’s race is still open with one of its co-founders mulling a take-over while the largest shareholder is also mulling another through his holding company Fairfax Holdings. It has also been speculated that Alcatel-Lucent could join hands with Nokia Solutions and Networks (NSN) while the Acer-Asus merger has not been ruled out yet.


Source: Reuters