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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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From: Frank A. Coluccio12/4/2009 1:55:41 AM
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Huawei: Upstart Chinese Telecom Company Rattles Industry as It Rises to No. 2
By KEVIN J. O’BRIEN | NY Times | November 30, 2009

When the telecommunications company Telenor decided to upgrade its mobile phone network in Norway, the job drew bids from the companies that had built its original grid: Ericsson and Nokia Siemens Networks. Instead, Telenor this month chose Huawei Technologies, a Chinese equipment maker, to build its ultrafast network based on a technology called L.T.E., or Long Term Evolution. Grabbing the contract in the heart of Scandinavia was the latest coup for Huawei, the rising star of the mobile equipment industry. The company’s low-cost, multipurpose networks have catapulted it to No. 2 in the world, behind Ericsson. “Huawei has established itself as a serious competitor,” said Morten Karlsen Sorby, the head of global business development at Telenor. “They have been able in a very short period of time to build the necessary competence and innovation.”

Cont.: nytimes.com

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