Huawei rules out large acquisitions

China's Huawei, one of the world's largest telecoms network infrastructure providers, is not planning any large takeovers because it would be unable to integrate them, Deputy Chairman Guo Ping was reported as saying in German paper Welt am Sonntag.

Ping, one of three deputy chairmen who take turns acting as chief executive, was responding to the paper's question on whether he could imagine buying one of Europe's big players in the sector, such as Nokia or Alcatel-Lucent.

Huawei, which is also one of the world's leading handset manufacturers, last month ruled out the possibility of buying another mobile phone maker. However, Ping said that it would be open to cooperation with another handset company, the paper reported.

Ping also rejected allegations from the US Congress that technology from Huawei might be used to spy on its users and denied accusations by the European Commission that it would dump goods on the market at artificially low prices.