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Huawei, ZTE deny allegations of illegal European subsidies - Fierce Telecom

Huawei and ZTE (Shenzhen: 000063.SZ), China's two main telecom vendors, maintain recent media reports that suggest they got illegal government subsidies to gain an advantage over rivals such as Alcatel-Lucent (NYSE: ALU) and Ericsson (Nasdaq: ERIC) in Europe are false. As reported by Reuters, a Financial Times article quoted a number of "unidentified" European Union representatives who said they had been collecting information on how the two vendors used subsidies to sell their platforms below cost throughout Europe.    However, a spokesman for Karel De Gucht, the EU's trade commissioner,...

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Published By: Fierce Telecom - Tuesday, 29 May, 2012