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ZTE Decries U.S. Gov Interference

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Feb 10, 2011, 12:07 PM   by Eric M. Zeman

ZTE's Chief Financial Officer, Wei Zaisheng, came close to calling the U.S. government's business practices unfair in a recent interview. Last year, ZTE was bidding for a contract to supply networking equipment to Sprint Nextel. Fellow Chinese competitor Huawei was also taking part in that bid. Close to the vote, U.S. lawmakers sent a letter to the Federal Communications Commission voicing concerns about ZTE's and Huawei's ties to the Chinese government. They contended that state-backed businesses should not have access to vital U.S. assets, such as its communications systems. "We are concerned that Huawei's [and ZTE's] position as a supplier of Sprint Nextel could create substantial risk for U.S. companies and possibly undermine U.S. national security," they stated. In an interview with the Wall Street Journal, Mr. Wei said, "For Sprint last year, we should have had the qualifications to become their key partner. The government should promote a fair, equitable, normal and free commercial environment, and it shouldn't interfere." ZTE has aggressive plans for growth worldwide, including the U.S. market.

more info at Wall Street Journal »

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Subject Author Date
I've been screaming about-- muchdrama Feb 10, 2011, 6:09 PM
Hypocrites Hitur Petar Feb 11, 2011, 12:41 AM
Can't blame them trenen Feb 10, 2011, 5:06 PM
wait.... teh.Cheeto Feb 10, 2011, 3:21 PM
 
 
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