Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Sources: ZTE, Huawei win bulk of China Mobile's second batch of 4G contracts

Send a link to a friend  Share

[May 22, 2014]  Hong Kong (Reuters) - China Mobile Ltd has awarded its second batch of 4G contracts, with ZTE Corp and rival Huawei Technologies Ltd securing the bulk of the deal, two industry sources with direct knowledge of the situation told Reuters on Thursday.

Foreign companies Ericsson, Alcatel-Lucent SA and Nokia won about a fourth of the licences, which were worth more than one billion yuan ($160 million) in total, said the sources, who declined to be identified as they were not authorised to speak to the media.

The batch represents 40 percent of China Mobile's quota of 4G contracts to be sold this year, the sources added.

(Reporting By Chyen Yee Lee and Yimou Lee; Editing by Anne Marie Roantree and Miral Fahmy)

[ 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


< Top Stories index

Back to top