The Channel logo

News

By | Chris Mellor 14th October 2011 14:29

Huawei 'taps up' firms to form Euro operation

Also entry to the USA rumoured

We hear that there are ongoing three-way talks between Sitronics (part of Sistema Holdings), Huawei and Intracom Telecom (part of Intracom Holdings).

Intracom Telecom has alliances and contracts with, among others, Ericsson, IBM and some large telecom companies. These would be Huawei's competitors. Intracom possesses factories in the Balkans that assemble telecom kit, meaning its products are made within the European Union's borders.

The company also has a USA-based subsidiary called Conklin-Intracom.

The point of the talks is to see if Huawei could buy a majority percentage of Intracom Telecom from Sitronics. If it did then it could make products in the EU and would control a subsidiary in the USA, gaining indirect entry to country.

Huawei said that, since this is only a rumour, it is unable to comment. ®

alert Send corrections

Opinion

Love

Chris Mellor

Tandberg and Sphere3D deals offer hope after 18 bad ones
Fraud image
Openstack log

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that