Huawei says in an e-mailed statement it "has no plans" to acquire Nokia (NOK +4.6%). Shares have...

|About: Nokia Corporation (NOK)|By:, SA News Editor

Huawei says in an e-mailed statement it "has no plans" to acquire Nokia (NOK +4.6%). Shares have given back a big chunk of their earlier gains, but they still closed up sharply. Huawei consumer group chairman Richard Yu qualified his remarks about his company being willing to buy Nokia by suggesting Nokia's commitment to Windows Phone could be an issue. "Whether Windows Phone will be successful is difficult to say ... It has a very small market share." Huawei launched the W1, a low-end WP8 device, earlier this year.