ZTE, Huawei win big in 4G network tender

Chinese telecom equipment vendors Huawei and Technologies Co Ltd and ZTE Corp acquired more than half of the contracts in the latest China Mobile Ltd's fourth-generation network tender, while foreign vendors acquired one-third, sources revealed.

On June 21, China Mobile launched its largest tender ever for 4G network construction, planning to purchase equipment for 207,000 4G base stations. The bidding result for the contract, which analysts estimated to be worth more than 20 billion yuan ($3.26 billion), has yet to be officially released.

However, an industry source, who declined to be named, said China Mobile has finished the preliminary work of allocating shares to different vendors. "It is for sure that Huawei and ZTE will take more than half of the contract," the source said.