Ericsson is cheapest vendor in Huawei’s China ops


DIFFERENT TACK: To get bigger volumes, industry analysts expect Ericsson to sign deals with external companies that sell its products.

BEIJING: In China, home to Huawei Technologies Co and ZTE Corp, it’s cheaper to buy network equipment from Sweden’s Ericsson AB.

According to a tender by China Unicom Hong Kong Ltd’s parent to purchase some 4G base stations, Ericsson offered to sell its products for 21 billion yuan (US$3.1bil), or 25% below Huawei and 22% lower than ZTE’s offer. Nokia Oyj asked for the highest price at 34.7 billion yuan.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , huawei

   

Next In Business News

Wall Street opens lower on mounting growth worries Premium
Singapore regulator rebukes crypto fund Three Arrows Capital Premium
US consumer spending rises moderately; inflation pushes higher Premium
Marine & General records RM28.34mil net loss for FY22 Premium
Opec+ sticks to oil output policy, avoids debate on September plans Premium
MBSB appoints Nor Azam as group CEO Premium
Idimension exits GN3 status after regularisation completes Premium
TNB issues Sukuk Wakalah worth RM4bil Premium
Reach Energy to undertakeRM206.51mil debt via issuance of 1.03 billion new shares Premium
Mudajaya to acquire Real Jade for RM224.32mil Premium

Others Also Read