Telecom Equipment Makers Face Intense Competition from Manufacturers in China, Business and Industry Trends Analysis

Telephone service providers around the world have been facing up to vast changes in telecom technology.  They have invested hundreds of billions of dollars in advanced switching equipment capable of providing ultra-fast internet service, wireless service and VOIP.  Such investments involve massive purchases of state-of-the-art equipment.  In the not too distant past, American companies were the world’s leading makers of telecom equipment.  Today however, there is intense global competition. China-based telecom equipment manufacturers are booming.  For example, Huawei Technologies Co., Ltd. has become a global leader.  Chinese firms such as Datang Telecom Technology and ZTE Corp. are winning major contracts…

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