Comments on article found at: www.zdnet.com.au/telstra-eyes-huawei-for-4g-overhaul-339301886.htm
One of the many things I tell investors is: “Do your own research”. As recently as 3 years ago, Huawei was ridiculed by now-unemployed stockbrokers for not being a major player in the telecom space.
It is good to see Huawei stepping up its efforts to make a global impact. Its entry into the global marketplace is shaking things up in the industry. Huawei is China’s largest networking and telecom equipment supplier in the People’s Republic of China. The company has the backing of the Chinese government. With government backing behind it, this company is a force to reckon with.
Huawei may not get the bulk of Telstra’s business or any business at all. However, Huawei will have gained experience. I know this sounds bit silly but the Chinese do not really make huge overt moves unless it has an overwhelming advantage. Rather, the Chinese work slowly and build upon small moves. The country and its companies take one step at a time. Patience is a virtue and a matter of life.
The other players in the Telstra technology trials need to watch what Huawei does. If I were these other players I would not get too confident about what they bring to the table. Huawei has been in Australia for awhile now; not as long as the other vendors but Telstar will not hold that against Huawei. I think it joined Optus.
When the company first emerged the technology was highly limited and nothing to envy. However, through a series of acquisitions and organic growth, the company has made inroads in the telecommunications industry. The dynamic nature of the business has given Huawei numerous opportunities to learn from its mistakes and grow.