Nokia Shares Surges 7% On Reports About Huawei ‘Open’ To Buying Them

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Nokia Stock

Nokia’s shares surged about 7% today in stock market following a FT report that Chinese telecom group Huawei is ‘Open’ to buy Nokia.

According to FT,

“We are considering these sorts of acquisitions; maybe the combination has some synergies but depends on the willingness of Nokia. We are open-minded,” said Richard Yu, chairman of Huawei’s consumer business group.

But Richard was not so confident about Windows Phone’s future as he described the platform as weak.

“Whether Windows Phone [will be] successful is difficult to say – it has a very small market share. [Windows Phones] are weak but still require a licence fee. That’s not good. Android is free.”

Yu is more concerned about the licensing fees of Windows Phone because he wants Huawei to be seen as the best phonemaker but also with the most reasonable price. They are releasing smartphones which are of same power and features of high-end devices from Apple or Samsung at lower price points.

Readers may be surprised that Huawei is their third largest manufacturer of smartphones by volume behind Samsung and Apple and their internal sales targets of 55-60m smartphones this year will get affected only by component shortages!

What do you think? Should Huawei buy Nokia? And would Microsoft allow it?

Source: FT