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

Privacy image

Frank Jennings

Two working parties, ministers galore... but data transfer law remains in limbo
EMC_Unity_bezel

Chris Evans

It does simplify the hardware setup, whatever it is
A microscopic view of the biometric shark skin. Pic: James Weaver

Chris Mellor

Do something and stop faffing about in the bush league

Kat Hall

International system in general needs greater transparency

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers