Huawei 'Open' to Buying Nokia
Huawei is looking at ways to grow its business, and acquisitions are one possible avenue it might explore. One company that has made its short list of targets is Nokia. "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, head of consumer products for Huawei in an interview with the Financial Times. Huawei has faced difficulty finding traction in the U.S. with its telecommunications networking gear business, though its handsets have found space on the shelves of U.S. wireless network operators. Yu did not indicate that Huawei and Nokia are holding formal talks, nor did Nokia comment on Yu's remarks.
Huawei Says It's Not Giving Up On the US Market
Huawei plans to soldier on in the U.S. market despite recent setbacks.
Nokia and Huawei Sign Patent Deal
Nokia today said it has signed a multi-year patent licensing agreement with Huawei. Terms of the deal, including the patents in question and pricing structure, were not disclosed.
U.S. Lawmakers Want AT&T to Sever All Ties with Huawei
Some people who work for the U.S. government don't want AT&T and other firms doing business with Huawei, according to Reuters.
Best Buy to Stop Selling Huawei Phones
Best Buy is expected to drop products made by Huawei over the next few weeks, reports CNET. Citing a source familiar with Best Buy's plan, CNET says the company will sell through the stock of devices such as Huawei's smartphones that are already in its stores, but the electronics retailer will not replenish supplies of Huawei phones.
Verizon Won't Sell Huawei Phones Either, Says Bloomberg
Verizon Wireless has cancelled any and all plans it had to sell handsets from Chinese phone maker Huawei due to pressure from the federal government, according to sources cited by Bloomberg. Verizon Wireless was on deck to sell Huawei's flagship device, the Mate 10 Pro, but has bowed to the government's wishes.