Huawei 'open minded' on Nokia buyout

Comments made by a Huawei executive indicate the firm could be contemplating a deal to take over Nokia
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Huawei is reportedly mulling over a deal, which would see the firm take over rival Nokia in an attempt to boost its performance in the European smartphone market.

As reported by the Financial Times of London, Richard Yu, chairman of Huawei's consumer business group, recently revealed the firm's interest in a potential Nokia takeover.

"We are considering these sorts of acquisitions; maybe the combination has some synergies but depends on the willingness of Nokia," Yu told reporters at the recent launch of the Huawei P6 device.

Yu summarised with simply: "We are open minded."

Of course, Nokia would have to be interested in a possible take over to see the deal go through, but it's unknown if talks between the two firms are already in place, or if Huawei is simply just testing the water at this point.

However, given recent complaints from Nokia shareholders over the firm's current strategy, it would be hard to imagine them refusing to at least hear out a potential deal from Huawei.

Whilst Huawei remians a key player in the Chinese smartphone market, it is keen to build upon its presence in European markets, by focusing on smartphoens rather than feature phones – something that would be possible with the takeover of Nokia.

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