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Article: HUAWEI, ZTE HAVE NO PLAN TO BID FOR ALCATEL-LUCENT

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AsiaInfo Services
Article date:
August 31, 2009
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AsiaInfo Services
08-31-2009
Huawei, ZTE Have no Plan to Bid for Alcatel-Lucent

SHENZHEN, Aug 31, 2009 (SinoCast Daily Business Beat via COMTEX) -- Huawei Technologies Co., Ltd. and ZTE Corporation (SZSE: 000063 and SEHK: 0763), both have no intention to acquire a stake in Alcatel-Lucent.

Days ago, a Chinese telecom equipment manufacturer was rumored to bid for a stake in Alcatel-Lucent. Shares of Alcatel-Lucent jumped 16% last Wednesday because of the acquisition rumor. French investment bank Natixis also rated the shares as "buy in" level.

Huawei's innovative strategy, which focuses on customers, now is pushing its performance to grow continuously, an executive for the company explained in ...

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