BARCELONA (Reuters) - Sweden’s Ericsson increased the lead on the global mobile network gear market in the fourth quarter, helped by an acquisition of key assets of bankrupt Nortel, research firm Dell’Oro said on Wednesday.
Competition for new business in the telecommunications equipment market has been cut-throat during the past few years, driven by Asian vendors, and the outlook remains tough.
Sweden’s Ericsson saw its market share rising to 35 percent from 32 percent in the previous quarter, partly helped by its $1.13 billion acquisition of CDMA and LTE assets of bankrupt Nortel Networks, researcher Dell’Oro said on Wednesday.
Nokia Siemens Networks — a struggling joint venture of Nokia and Siemens — saw its market share rising to 21 percent in the last quarter of the year, rising only slightly from 20 percent in the previous, but good enough to help the firm to regain No 2 spot on the market.
Huawei’s market share remained flat at 20 percent, researcher Dell’Oro said in its quarterly market review. (Reporting by Tarmo Virki; Editing by Bernard Orr)