The Wall Street Journal said that Huawei will not consider any “major” acquisitions in the next five years, as it instead focuses on ways to improve its own efficiency and sustain growth.

Citing comments from Chen Lifang, the company’s SVP in charge of external relations and a member of its board, this strategy has been stated internally by founder Ren Zhengfei, and is supported by other directors.

The report also said that an initial public offering of the stock is also unlikely over the same timeframe.

With many companies in the telecoms struggling, Huawei – which is generally performing well in comparison – has been seen as a potential buyer.

The company is on-track to meet its target of 10 per cent revenue growth in 2013, and has been named as a central supplier for China Mobile’s 4G (TD-LTE) rollout.

It has previously been linked with potential targets including HTC, BlackBerry and (pre-Microsoft deal) Nokia.

And in the infrastructure business, rivals such as NSN and Alcatel-Lucent have been forced to slim down, in NSN’s case shedding numerous assets in the interim, in order to improve focus and achieve profitability.