LIVE FROM HUAWEI ANALYST SUMMIT 2016, SHENZHEN: Newly installed Huawei boss Eric Xu (pictured) believes recent high-profile vendor deals will contribute to the “healthy development” of the industry, but he ruled out the Chinese vendor from making any large scale acquisitions of its own.
When quizzed on deals such as Cisco’s acquisition of Jasper to grow its IoT presence, and the multi-billion dollar Nokia/Alcatel-Lucent alliance, Xu claimed “the consolidation in the industry will be conducive to competition”, but that Huawei itself “will not go for large scale mergers or acquisitions”.
However, he did note that the company will acquire small companies with technology and teams which will boost its own capabilities. “That is what we have been doing over the last couple of years,” he said.
The company has bolstered its offering in recent years with acquisitions of, among others, SDN vendor Amartus and IoT player Neul.
Xu’s comments reflect those of major rival Ericsson CEO Hans Vestberg. Earlier this year Vestberg told Mobile World Live there had been “a brutal transformation” in the mobile network vendor market. “It’s hard to see more, to be honest,” he commented.
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