For years Huawei’s biggest rivals in the telecoms equipment market — Finnish group Nokia Corp. and Sweden’s Telefonaktiebolaget L M Ericsson — were based far away from the Shenzhen-headquartered group.
But now a credible challenger looking to tap into the once in a decade global race to deploy 5G has emerged closer to home: Samsung Electronics Co. Ltd.
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The Seoul-headquartered group has long lagged behind its global peers when it comes to providing telecoms kit. In the minds of investors and analysts, Samsung’s struggling network business has been a distant afterthought to its core revenue drivers of computer chips, smartphones and displays.
However there are growing signs the group is finally poised to make meaningful inroads, boosted by the confluence of 5G rollouts across the world and intensifying pressure from governments of U.S. allies to block Huawei, the sector’s biggest player, from their networks.