LG has made it clear it has no intention of joining forces with Huawei's smartphone division in a bid to turn its mobile fortunes around.
We didn't realise such a rumour ever existed, but it does, and has gained enough attention that LG has been forced to issue a statement denying any chance of a deal being done.
It all started with a report in the Korea Times, which suggested that LG was in favour of a joint venture with Chinese firm Huawei, supposedly to help “revive its smartphone business”.
An unnamed analyst is quoted as saying LG is looking at its options “with a sense of urgency”, and sees its current position as “fragile” – despite the success of recent high-end devices like the Google Nexus 4/5 and the LG G2.
The attraction of teaming up with Huawei would be the latter's strong position in the hard-fought entry-level smartphone market, where LG has little real presence.
But, the Verge reports, LG insists there's no truth whatsoever to the rumours, and no chance of a deal being done.
“there is no discussion now or in the past with Huawei on any aspects of LG Electronics’ business,” the company claimed.
Sounds pretty final to us.