The denial came Huawei's vice president for external affairs, Bill Plummer.
The story on the FT website on Tuesday had quoted the head of Huawei's consumer business, Richard Yu, as saying: "We are considering these sorts of acquisitions; maybe the combination has some synergies but depends on the willingness of Nokia. We are open-minded."
Nokia declined comment.
Nokia's US shares closed up 17 cents or more than 4% at $3.86 on the New York Stock Exchange. The stock had risen as high as $4.12 after the report.
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