Chinese telecom technology supplier Huawei is reported to have overtaken Nokia Siemens Networks (NSN) as the second-largest wireless infrastructure company in the world in terms of sales in the final quarter of 2011, according to ABI Research.
Huawei sold US$2.53 billion worth of equipment, up 54 per cent on the previous quarter and 38 per cent compared to the same quarter a year ago.
In contrast, NSN managed to generate US$2.4 billion in equipment sales during the same period.
NSN recently shifted its focus to mobile broadband as part of a major restructure which has seen it spin off a number of non-core business divisions and cut 17,000 jobs “to improve our profitability and cash generation.”
ABI Research said most technology suppliers finished the calendar year strongly, with Ericsson continuing to lead the way with US$3.5 billion in wireless equipment sales for the period.
However, the fourth quarter was weaker in terms of wireless equipment sales in general, compared to 2010.
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