Huawei looking for foreign investment to aid attack on US market
Though it's recently cracked the tough outer shell of the rough-and-tumble US wireless market, Huawei's got a long way to go before it can stand toe-to-toe with the Samsungs and LGs of the world. The economy's seen better days, the market is nearly saturated, and it already seems like there might be a couple players too many for profit, so what's an up-and-coming Chinese firm to do? Invite foreign investment, naturally. Huawei has retained Morgan Stanley to help it line up investors that can bulk it up enough to wage a broadsided offense against the low-end American market, leaving the mid and high-range lineups to the well-established companies that are already making a splash up there. It's pretty rare for a Chinese corporation of Huawei's size and clout to open itself up to cash from outside Chinese borders, so the deal's expected to attract a lot of interest -- theoretically setting the scene for plenty more of its wares on US carriers' shelves. We're all for healthy competition, and if Huawei can shake things up a bit, we're all for it.
[Via Phone Scoop]
