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Tuesday, August 24, 2010

Huawei, ZTE Growth to Slow on U.S., India Fears, ISuppli Says

Huawei Technologies Co. and ZTE Corp., China’s two largest phone-equipment makers, face slower sales growth because of U.S. and Indian security concerns about their products, according to researcher ISuppli Corp.

“The vendors face serious opposition in several of the largest markets left to penetrate,” El Segundo, California- based ISuppli said in a statement dated yesterday. “Having already picked the low-hanging fruit, these companies may find it more difficult to grow in the future than they have in the past. And each pause on the way to growth for the Chinese companies is an opportunity instead for Western vendors.”

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