China Mobile Awards Bulk Of Its $3.2 Billion 4G Contracts To Huawei, ZTE

Posted: Aug 23 2013, 9:48am CDT | by , in Technology News


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China Mobile Awards Bulk of its $3.2 Billion 4G Contracts to Huawei, ZTE
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Several Chinese organizations have won contracts with the $3.2 billion treasure house that is the 4G technology-carrying China Mobile. The signing of the pacts with the giant firm bode well for the future that win mostly by Huawei and ZTE .

The major bulk of the contractual winnings went to ZTE and Huawei. And the Western smart phone manufacturers were in a state of chagrin at the rebuttal. Their advances had not paid off in the long run. China Mobile was the coy mistress and it chose its wooers to be two Chinese giants. They would be the ones to take its systems to the next level of 4G technology. Telco equipment creators were also looking forward to signing a contract with the Chinese company. But local talent was preferred over Occidental influence. Over half of the contractual pie went to homegrown firms. Only one-third of the whole deal was awarded to Western interests.

The hopes of Ericsson and Huawei had been pinned on China Mobile’s 4G sector in China. They wanted to see it expand and flourish. To reach a worldwide market was the original goal. China Mobile had a clientele that numbered over 700 million. The amount of subscribers that this company catered to was the largest chunk by population on a global level. Huawei and ZTE have won 25% of the contract respectively which speaks volumes about their reputation. Meanwhile, Alcatel-Lucent, Nokia Siemens Networks and Ericsson got merely a slice of 10% each from the contractual cake. China Mobile plans on constructing over 200,000 base stations before 2013 expires.

Source: Reuters

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
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