Market Overview

Alcatel-Lucent CEO Says China to Become World's Largest 4G Market

Share:
Alcatel-Lucent CEO Says China to Become World's Largest 4G Market
Related ALU
Citi Upgrades Ericsson To Buy, Notes 'Likely Resurgence' In Wireless Spending
It Just Cut Nokia Estimates, But Oppenheimer Still Recommends Going Long
Nokia/Alcatel follow markets higher; Nokia buys network software firm (Seeking Alpha)
Related CHL
Avago Shares Initiated Buy, Mizuho Sees 'Strong' 4G
Top 4 Stocks In The Wireless Communications Industry With The Highest Revenue

China will become the world's largest 4G market, according to Michel Combes, CEO of Alcatel-Lucent (NYSE: ALU), said on Friday. "The Chinese government paved the way for the complete transformation of its telecommunications industry, with clear vision, more freedom to operators and bigger investment, which created a healthy eco-system," Combes said in an exclusive interview with Xinhua on Friday and reported by Want China Times. Combes cited China's exponential growth in 4G.

Combes said Europe is lagging behind the US and China, with only only 6% of the world's 4G customers. He has made a case to European governments that investment in telecom benefits GDP growth

The French telecom company was awarded a contract by China Mobile (NYSE: CHL) to deploy 11% of its 4G LTE network, consisting of more than 200,000 TD-LTE base stations.

Posted-In: News Management Global Tech

 

Related Articles (ALU + CHL)

Around the Web, We're Loving...

Get Benzinga's Newsletters