Huawei’s Share Rises to World’s Second
When the telecom company Telenor decided to upgrade its mobile phone network in Norway, its original network builders – Ericsson, Nokia and Siemens Networks were full of confidence to tender this project.
However, Telenor has chosen China’s Huawei to build its ultra-high-speed network this month. Winning this contract in the Nordic center is the latest success of Huawei the new rising star in Mobile Communications Equipment Industry. Huawei’s low-cost multi-functional network ranks second in the world, only next to Ericsson.
According to market research firm Dell’Oro’s report, as the supplier to provide equipment for China’s three major carriers — China Mobile, China Telecom and China Unicom, Huawei has nearly doubled its share in 38 billion global mobile device market share in the third quarter of this year, rising from 11% in last year to this year’s 20.1%. Huawei’s market share has surpassed Nokia and Siemens’s 19.5%, second only to Ericsson’s market share of 32%.
ZTE Corporation is China’s second largest network equipment manufacturer, who is building the first 3G network in mainland of China. Its growth rate of this year is also very fast. In 2009, ZTE’s third-quarter sales increased by 43%, reaching $2.2 billion, whose profits increased by 59%, reaching $60 million.
Both Huawei and ZTE’s headquarters locate in China’s mainland city Shenzhen, the vicinity of Hong Kong. And the company’s development has gone beyond China’s borders. Its sales in 2008 were $18.3 billion, among which foreign orders accounted for 75%, increased by 43%. Huawei’s profits have increased from $957 million in 2007 to 12 billion dollars in 2009.
Shenzhen Post Rebecca Contributes to the Story.
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