China Telecom Scrutiny Deals Major Setback to Nokia and Ericsson
China is increasingly restricting the role of foreign telecom suppliers by limiting the use of equipment from Nokia and Ericsson as it pursues more independent technology networks and reduces exposure to Western influence. State-backed buyers—such as mobile operators, utilities and other industries—are scrutinising foreign bids more carefully, according to people familiar with the matter. Contracts … Read more