A PYMNTS Company

EU/China: Tension grows with China with new action against mobile telecom cos

 |  May 20, 2013

Two Chinese manufacturers, ZTE and Huawei, are reportedly falling under watch of the European Commission for anticompetitive practices, though a formal investigation has not been launched. The move means even more tension for Europe and China as Europe is also looking to sanction Chinese manufacturers of solar panels. The mobile telecommunications companies, which may be best known for their smartphones, are actually being eyed by the regulator for their infrastructure equipment. The two currently control a quarter of the European market for communications infrastructure. While experts are now worried of a trade conflict between the two – Germany has voiced opposition to the Commission’s latest tiff with the Chinese companies – Huawei and ZTE are accused of dumping their products in Europe and threatening the market, allegations both companies deny.

Full Content: The Telegraph

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.