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Europe

Will EC Probe Huawei, ZTE?

5:45 AM -- The European Commission has received a complaint from Belgian wireless modem firm Option NV (Euronext: OPTI; Nasdaq Europe: OPIN) about the business practices of Chinese vendors, which may result in a formal investigation, reports TechEYE.

Specifically, Option has complained that two Chinese vendors -- Huawei Technologies Co. Ltd. and ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763) -- receive subsidies that give them an unfair competitive advantage and render their business practices illegal under European Union law.

Option first raised the issue in June this year.

The threat of an EC investigation follows the travails of the Chinese vendors in India, and national security concerns surrounding the deployment of Huawei equipment in the US. (See India Clears Chinese Gear Orders and US Gets Worried About Huawei .)

— Ray Le Maistre, International Managing Editor, Light Reading

paolo.franzoi 12/5/2012 | 4:23:57 PM
re: Will EC Probe Huawei, ZTE?

 


 


Maybe if China floated its currency?


seven


ps - In case of course it is floated in a very odd way.  You can change both RMBs and US $$ (and Eurodollars as well) for World of Warcraft gold.  So, there is a de facto exchange rate set outside the control of various governments.


 

digits 12/5/2012 | 4:23:57 PM
re: Will EC Probe Huawei, ZTE?

I wonder if this will never end now that it has started -- that Huawei and ZTE will now be constantly fighting legal and perception fires in markets outside of China as security concerns spread and rivals look for ways to counter the Chinese vendors' aggressive competitive methods.

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