Prepaid phone cards, cheap calling cards online

Our online shop offers you phone cards for long distance calls. You can find the best rate to the international call and save many money. Buy only cheapest phone cards online in our shop.

Main Page Telecom News Enter Your Account / Register Buy Phone Card Best Rates FAQ and Help
International calls
FIND A BEST RATES
call from
 
call to
BUY THE PHONE CARDS
RECEIVE YOUR PIN INSTANTLY

3Com buys out Huawei stake in H3C


28/11/2006

Chinese infrastructure vendor Huawei has accepted an $882 million bid from 3Com to give up its stake in the two companies IP networking and enterprise router joint venture H3C.

Huawei owns a 49% share of the venture and since its foundation in 2003 in Hong Kong has seen the business grow to a 4500-employee company with R&D centers in Bangalore, India; and Beijing, Hangzhou and Shenzhen, China. H3C recorded $324 million in the first two quarters of the year and is projected to reach nearly $1 billion in sales by the end of the year.

3Com extended its first offer to Huawei on Nov. 15, a Huawei statement said, and Huawei accepted the offer on Tuesday. The deal still needs to be approved by Chinese regulators.

“The divestment will further enable Huawei to focus on its core business, strengthen our leadership position in all IP-based FMC … and create long-term value and potential growth for our clients,” Huawei senior vice president Guo Ping said in the statement.

In 2003, Huawei was largely an unknown company outside of Asia, and it used joint ventures with well-established western vendors to bring its products to the global market. Since then, however, Huawei has gained recognition across all of its technology lines internationally, calling into question the need for so many joint ventures. While Huawei may choose to stay in the enterprise router market, it has agreed to a non-compete agreement forbidding it from re-entering the market for 18 months after the deal closes.

Huawei, however, has plenty of other product lines to keep it busy, and it doesn’t appear that it is abandoning the joint venture completely. Over the summer it agreed to a joint venture with Motorola for UMTS, giving it access to Motorola’s GSM sales channels. It also has another joint venture with Siemens focused on the Chinese 3G standard Time Division-Synchronous CDMA (TD-SCDMA).



 

Related News

 
3Com acquisition a mixed bag for Huawei
27/09/2007
The acquisition of 3Com, announced today by Bain Capital and Huawei Technologies, gives the Asian equipment vendor entry into the U.S. enterprise market. But some analysts say the business poses plenty of challenges for its new owners.“Private equity investors may see...
 
Top game maker buys Jamdat
07/12/2005
The world’s largest video game maker, Electronic Arts, announced late today it is buying Jamdat Mobile, one of the most successful distributors of mobile gaming titles. The $680 million cash deal not only portends the cross platform integration of the two developers...
 
Lucent buys Riverstone for $170M
06/02/2006
Lucent Technologies agreed to buy the business operations of carrier Ethernet equipment vendor Riverstone Networks for $170 million in cash.As part of the deal announced today, Riverstone will file for Chapter 11 bankruptcy, and Lucent will purchase its assets in...
 
3GSM: Acquisitive NeoMedia buys 12snap
15/02/2006
BARCELONA--NeoMedia Technologies announced at the 3GSM Word Congress here that it has signed an agreement to acquire 12snap, a mobile marketing and entertainment company, for $22 million in cash and shares. The deal is NeoMedia`s second within the last week, and the...
 
 
PhoneCardStock.com
Calling Cards © 2008