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 Nov 1 2008 | 22:24
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Huawei¨s move to step up sales in Europe weighs heavy on rivals

Updated:2008/8/12 13:25

Tags:Nokia

Rivals of China-based Huawei Technologies are primed to feel the heat, with the vendor set to undertake aggressive escalation in its sale efforts in Europe.

 Huawei’s drive to raise its sales in the continent, is throwing its western counterparts Alcatel-Lucent, Ericsson and Nokia Siemens Networks under the risk of losing out on market shares, with these companies reporting a fall in net income in the previous year.

 Zhou Ming Cheng, Huawei''s European marketing director, said the company had achieved sales of $2 billion (£1bn) in Europe in 2007, up higher from $770 million in 2006, reports the Financial Times.

 During the past two years, Huawei has grabbed wireless infrastructure contracts with European mobile operators by winning over Alcatel-Lucent, Ericsson and Nokia Siemens.

 But while it is enjoying growing success in Europe, Huawei has made limited progress in the US.

 Mr Zhou said sales of $100 million were recorded in the US in 2007.

 

Source:telecomtiger

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