Will EC Probe Huawei, ZTE?
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