ST PETERSBURG, Russia (Reuters) - Huawei Technologies Co Ltd , the world's No.2 telecom gear maker, has denied using Chinese subsidies to gain global market share after it was accused by U.S. lawmakers and EU officials of unfair competition.
Huawei Technologies Co Ltd , the world's No.2 telecom gear maker, has denied using Chinese subsidies to gain global market share after it was accused by U.S. lawmakers and EU officials of unfair competition. ...
Yesterday, China's largest telecom equipment supplier Huawei Technologies reported a 40% increase in profits for fiscal year 2013 (FY13). This was due to cost-cutting and increasing sales in emerging markets that countered falling revenue growth from other regions.
The company’s unaudited operating profits for FY13 have been reported to be between 28.6 and 29.4 billion yuan, which reflects an increase of more than 40% when compared to audited profits of 19.96 billion yuan for FY12.
(Reuters) - A major Iranian partner of Huawei Technologies offered to sell at least 1.3 million euros worth of embargoed Hewlett-Packard computer equipment to Iran's largest mobile-phone operator in late 2010, documents show. China's Huawei, the world's second largest telecommunications equipment maker, says neither it nor its partner, a private company registered in Hong Kong, ultimately provided the HP products to the telecom, Mobile Telecommunication Co of Iran, known as MCI. ...
SEOUL (Reuters) - LG Electronics Inc aims to broaden its range of smartphones so sales this year grow at double the rate of the market, as the South Korean company seeks to retake the position of world's third-biggest maker.
Success in markets such as India and China is key to troubled Swedish telecom gear maker Ericsson’s global recovery, chief executive Borje Ekholm, told Romit Guha in Barcelona recently in his first interaction with the Indian media. Ekholm, who became CEO in January, said the Indian market is tough but pushes the company to boost efficiency, besides developing more products and features that could prove useful in other markets. The CEO is drawing up a five-year plan to revive the company that’s been struggling financially with ‘self-inflicted’ wounds and market conditions.
PARIS: Finnish network equipment maker Nokia said on Wednesday it has agreed to buy Alcatel-Lucent in an all-share transaction that values the smaller French rival at 15.6 billion euros ($16.58 billion). Nokia will give Alcatel-Lucent shareholders 0.55 shares in the combined company for each of their old shares, resulting in 33.5 percent of the entity being in Alcatel's hands and Nokia having 66.5 percent if the public exchange offer is fully taken up. The deal will be finalised in the first half of 2016, the companies said.