TABLE OF CONTENTS
ABOUT DATAMONITOR 2
EXECUTIVE SUMMARY 3
INTRODUCTION 23
What is this report about? 23
Who is the target reader? 23
Definitions 23
GLOBAL NETWORKING EQUIPMENT 24
Market overview 24
Market value 25
Market segmentation I 26
Market segmentation II 27
Five forces analysis 28
Market forecasts 36
NETWORKING EQUIPMENT IN ASIA-PACIFIC 37
Market overview 37
Market value 38
Market segmentation I 39
Market segmentation II 40
Five forces analysis 41
Market forecasts 49
NETWORKING EQUIPMENT IN EUROPE 51
Market overview 51
Market value 52
Market segmentation I 53
Market segmentation II 54
Five forces analysis 55
Market forecasts 63
NETWORKING EQUIPMENT IN FRANCE 64
Market overview 64
Market value 65
Market segmentation I 66
Market segmentation II 67
Five forces analysis 68
Market forecasts 76
Macroeconomic indicators 77
NETWORKING EQUIPMENT IN GERMANY 79
Market overview 79
Market value 80
Market segmentation I 81
Market segmentation II 82
Five forces analysis 83
Market forecasts 91
Macroeconomic indicators 92
NETWORKING EQUIPMENT IN ITALY 94
Market overview 94
Market value 95
Market segmentation I 96
Market segmentation II 97
Five forces analysis 98
Market forecasts 106
Macroeconomic indicators 107
NETWORKING EQUIPMENT IN JAPAN 109
Market overview 109
Market value 110
Market segmentation I 111
Market segmentation II 112
Five forces analysis 113
Market forecasts 121
Macroeconomic indicators 122
NETWORKING EQUIPMENT IN BELGIUM 124
Market overview 124
Market value 125
Market segmentation I 126
Market segmentation II 127
Five forces analysis 128
Market forecasts 136
Macroeconomic indicators 137
NETWORKING EQUIPMENT IN CANADA 139
Market overview 139
Market value 140
Market segmentation I 141
Market segmentation II 142
Five forces analysis 143
Market forecasts 151
Macroeconomic indicators 153
NETWORKING EQUIPMENT IN CHINA 155
Market overview 155
Market value 156
Market segmentation I 157
Market segmentation II 158
Five forces analysis 159
Market forecasts 167
Macroeconomic indicators 169
NETWORKING EQUIPMENT IN THE NETHERLANDS 171
Market overview 171
Market value 172
Market segmentation I 173
Market segmentation II 174
Five forces analysis 175
Market forecasts 183
Macroeconomic indicators 185
NETWORKING EQUIPMENT IN SPAIN 187
Market overview 187
Market value 188
Market segmentation I 189
Market segmentation II 190
Five forces analysis 191
Market forecasts 199
Macroeconomic indicators 200
NETWORKING EQUIPMENT IN THE UNITED KINGDOM 202
Market overview 202
Market value 203
Market segmentation I 204
Market segmentation II 205
Five forces analysis 206
Market forecasts 215
Macroeconomic indicators 217
NETWORKING EQUIPMENT IN THE UNITED STATES 219
Market overview 219
Market value 220
Market segmentation I 221
Market segmentation II 222
Five forces analysis 223
Market forecasts 231
Macroeconomic indicators 233
COMPANY PROFILES 235
Alcatel Lucent 235
Ericsson (LM Ericsson Telephone Company) 242
Huawei Technologies Co. Ltd. 249
Nokia Siemens Networks 254
APPENDIX 256
Data Research Methodology 256
LIST OF TABLES
Table 1: Global networking equipment market value: $ billion, 2006–10 25
Table 2: Global networking equipment market segmentation I:% share, by value, 2010 26
Table 3: Global networking equipment market segmentation II: % share, by value, 2010 27
Table 4: Global networking equipment market value forecast: $ billion, 2010–15 36
Table 5: Asia-Pacific networking equipment market value: $ billion, 2006–10 38
Table 6: Asia-Pacific networking equipment market segmentation I:% share, by value, 2010 39
Table 7: Asia-Pacific networking equipment market segmentation II: % share, by value, 2010 40
Table 8: Asia-Pacific networking equipment market value forecast: $ billion, 2010–15 49
Table 9: Europe networking equipment market value: $ billion, 2006–10 52
Table 10: Europe networking equipment market segmentation I:% share, by value, 2010 53
Table 11: Europe networking equipment market segmentation II: % share, by value, 2010 54
Table 12: Europe networking equipment market value forecast: $ billion, 2010–15 63
Table 13: France networking equipment market value: $ billion, 2006–10 65
Table 14: France networking equipment market segmentation I:% share, by value, 2010 66
Table 15: France networking equipment market segmentation II: % share, by value, 2010 67
Table 16: France networking equipment market value forecast: $ billion, 2010–15 76
Table 17: France size of population (million), 2006–10 77
Table 18: France gdp (constant 2000 prices, $ billion), 2006–10 77
Table 19: France gdp (current prices, $ billion), 2006–10 77
Table 20: France inflation, 2006–10 78
Table 21: France consumer price index (absolute), 2006–10 78
Table 22: France exchange rate, 2006–10 78
Table 23: Germany networking equipment market value: $ billion, 2006–10 80
Table 24: Germany networking equipment market segmentation I:% share, by value, 2010 81
Table 25: Germany networking equipment market segmentation II: % share, by value, 2010 82
Table 26: Germany networking equipment market value forecast: $ billion, 2010–15 91
Table 27: Germany size of population (million), 2006–10 92
Table 28: Germany gdp (constant 2000 prices, $ billion), 2006–10 92
Table 29: Germany gdp (current prices, $ billion), 2006–10 92
Table 30: Germany inflation, 2006–10 93
Table 31: Germany consumer price index (absolute), 2006–10 93
Table 32: Germany exchange rate, 2006–10 93
Table 33: Italy networking equipment market value: $ million, 2006–10 95
Table 34: Italy networking equipment market segmentation I:% share, by value, 2010 96
Table 35: Italy networking equipment market segmentation II: % share, by value, 2010 97
Table 36: Italy networking equipment market value forecast: $ million, 2010–15 106
Table 37: Italy size of population (million), 2006–10 107
Table 38: Italy gdp (constant 2000 prices, $ billion), 2006–10 107
Table 39: Italy gdp (current prices, $ billion), 2006–10 107
Table 40: Italy inflation, 2006–10 108
Table 41: Italy consumer price index (absolute), 2006–10 108
Table 42: Italy exchange rate, 2006–10 108
Table 43: Japan networking equipment market value: $ billion, 2006–10 110
Table 44: Japan networking equipment market segmentation I:% share, by value, 2010 111
Table 45: Japan networking equipment market segmentation II: % share, by value, 2010 112
Table 46: Japan networking equipment market value forecast: $ billion, 2010–15 121
Table 47: Japan size of population (million), 2006–10 122
Table 48: Japan gdp (constant 2000 prices, $ billion), 2006–10 122
Table 49: Japan gdp (current prices, $ billion), 2006–10 122
Table 50: Japan inflation, 2006–10 123
Table 51: Japan consumer price index (absolute), 2006–10 123
Table 52: Japan exchange rate, 2006–10 123
Table 53: Belgium networking equipment market value: $ million, 2006–10 125
Table 54: Belgium networking equipment market segmentation I:% share, by value, 2010 126
Table 55: Belgium networking equipment market segmentation II: % share, by value, 2010 127
Table 56: Belgium networking equipment market value forecast: $ million, 2010–15 136
Table 57: Belgium size of population (million), 2006–10 137
Table 58: Belgium gdp (constant 2000 prices, $ billion), 2006–10 137
Table 59: Belgium gdp (current prices, $ billion), 2006–10 137
Table 60: Belgium inflation, 2006–10 138
Table 61: Belgium consumer price index (absolute), 2006–10 138
Table 62: Belgium exchange rate, 2006–10 138
Table 63: Canada networking equipment market value: $ million, 2006–10 140
Table 64: Canada networking equipment market segmentation I:% share, by value, 2010 141
Table 65: Canada networking equipment market segmentation II: % share, by value, 2010 142
Table 66: Canada networking equipment market value forecast: $ million, 2010–15 151
Table 67: Canada size of population (million), 2006–10 153
Table 68: Canada gdp (constant 2000 prices, $ billion), 2006–10 153
Table 69: Canada gdp (current prices, $ billion), 2006–10 153
Table 70: Canada inflation, 2006–10 154
Table 71: Canada consumer price index (absolute), 2006–10 154
Table 72: Canada exchange rate, 2006–10 154
Table 73: China networking equipment market value: $ billion, 2006–10 156
Table 74: China networking equipment market segmentation I:% share, by value, 2010 157
Table 75: China networking equipment market segmentation II: % share, by value, 2010 158
Table 76: China networking equipment market value forecast: $ billion, 2010–15 167
Table 77: China size of population (million), 2006–10 169
Table 78: China gdp (constant 2000 prices, $ billion), 2006–10 169
Table 79: China gdp (current prices, $ billion), 2006–10 169
Table 80: China inflation, 2006–10 170
Table 81: China consumer price index (absolute), 2006–10 170
Table 82: China exchange rate, 2006–10 170
Table 83: Netherlands networking equipment market value: $ million, 2006–10 172
Table 84: Netherlands networking equipment market segmentation I:% share, by value, 2010 173
Table 85: Netherlands networking equipment market segmentation II: % share, by value, 2010 174
Table 86: Netherlands networking equipment market value forecast: $ million, 2010–15 183
Table 87: Netherlands size of population (million), 2006–10 185
Table 88: Netherlands gdp (constant 2000 prices, $ billion), 2006–10 185
Table 89: Netherlands gdp (current prices, $ billion), 2006–10 185
Table 90: Netherlands inflation, 2006–10 186
Table 91: Netherlands consumer price index (absolute), 2006–10 186
Table 92: Netherlands exchange rate, 2006–10 186
Table 93: Spain networking equipment market value: $ million, 2006–10 188
Table 94: Spain networking equipment market segmentation I:% share, by value, 2010 189
Table 95: Spain networking equipment market segmentation II: % share, by value, 2010 190
Table 96: Spain networking equipment market value forecast: $ million, 2010–15 199
Table 97: Spain size of population (million), 2006–10 200
Table 98: Spain gdp (constant 2000 prices, $ billion), 2006–10 200
Table 99: Spain gdp (current prices, $ billion), 2006–10 200
Table 100: Spain inflation, 2006–10 201
Table 101: Spain consumer price index (absolute), 2006–10 201
Table 102: Spain exchange rate, 2006–10 201
Table 103: United Kingdom networking equipment market value: $ billion, 2006–10 203
Table 104: United Kingdom networking equipment market segmentation I:% share, by value, 2010 204
Table 105: United Kingdom networking equipment market segmentation II: % share, by value, 2010 205
Table 106: United Kingdom networking equipment market value forecast: $ billion, 2010–15 215
Table 107: United Kingdom size of population (million), 2006–10 217
Table 108: United Kingdom gdp (constant 2000 prices, $ billion), 2006–10 217
Table 109: United Kingdom gdp (current prices, $ billion), 2006–10 217
Table 110: United Kingdom inflation, 2006–10 218
Table 111: United Kingdom consumer price index (absolute), 2006–10 218
Table 112: United Kingdom exchange rate, 2006–10 218
Table 113: United States networking equipment market value: $ billion, 2006–10 220
Table 114: United States networking equipment market segmentation I:% share, by value, 2010 221
Table 115: United States networking equipment market segmentation II: % share, by value, 2010 222
Table 116: United States networking equipment market value forecast: $ billion, 2010–15 231
Table 117: United States size of population (million), 2006–10 233
Table 118: United States gdp (constant 2000 prices, $ billion), 2006–10 233
Table 119: United States gdp (current prices, $ billion), 2006–10 233
Table 120: United States inflation, 2006–10 234
Table 121: United States consumer price index (absolute), 2006–10 234
Table 122: United States exchange rate, 2006–10 234
Table 123: Alcatel Lucent: key facts 235
Table 124: Alcatel Lucent: key financials ($) 239
Table 125: Alcatel Lucent: key financials (€) 239
Table 126: Alcatel Lucent: key financial ratios 240
Table 127: Ericsson (LM Ericsson Telephone Company): key facts 242
Table 128: Ericsson (LM Ericsson Telephone Company): key financials ($) 246
Table 129: Ericsson (LM Ericsson Telephone Company): key financials (SEK) 246
Table 130: Ericsson (LM Ericsson Telephone Company): key financial ratios 247
Table 131: Huawei Technologies Co. Ltd.: key facts 249
Table 132: Huawei Technologies Co. Ltd.: key financials ($) 251
Table 133: Huawei Technologies Co. Ltd.: key financials (CNY) 252
Table 134: Huawei Technologies Co. Ltd.: key financial ratios 252
Table 135: Nokia Siemens Networks: key facts 254
LIST OF FIGURES
Figure 1: Global networking equipment market value: $ billion, 2006–10 25
Figure 2: Global networking equipment market segmentation I:% share, by value, 2010 26
Figure 3: Global networking equipment market segmentation II: % share, by value, 2010 27
Figure 4: Forces driving competition in the global networking equipment market, 2010 28
Figure 5: Drivers of buyer power in the global networking equipment market, 2010 30
Figure 6: Drivers of supplier power in the global networking equipment market, 2010 31
Figure 7: Factors influencing the likelihood of new entrants in the global networking equipment market, 2010 32
Figure 8: Factors influencing the threat of substitutes in the global networking equipment market, 2010 34
Figure 9: Drivers of degree of rivalry in the global networking equipment market, 2010 35
Figure 10: Global networking equipment market value forecast: $ billion, 2010–15 36
Figure 11: Asia-Pacific networking equipment market value: $ billion, 2006–10 38
Figure 12: Asia-Pacific networking equipment market segmentation I:% share, by value, 2010 39
Figure 13: Asia-Pacific networking equipment market segmentation II: % share, by value, 2010 40
Figure 14: Forces driving competition in the networking equipment market in Asia-Pacific, 2010 41
Figure 15: Drivers of buyer power in the networking equipment market in Asia-Pacific, 2010 43
Figure 16: Drivers of supplier power in the networking equipment market in Asia-Pacific, 2010 44
Figure 17: Factors influencing the likelihood of new entrants in the networking equipment market in Asia-Pacific, 2010 45
Figure 18: Factors influencing the threat of substitutes in the networking equipment market in Asia-Pacific, 2010 47
Figure 19: Drivers of degree of rivalry in the networking equipment market in Asia-Pacific, 2010 48
Figure 20: Asia-Pacific networking equipment market value forecast: $ billion, 2010–15 50
Figure 21: Europe networking equipment market value: $ billion, 2006–10 52
Figure 22: Europe networking equipment market segmentation I:% share, by value, 2010 53
Figure 23: Europe networking equipment market segmentation II: % share, by value, 2010 54
Figure 24: Forces driving competition in the networking equipment market in Europe, 2010 55
Figure 25: Drivers of buyer power in the networking equipment market in Europe, 2010 57
Figure 26: Drivers of supplier power in the networking equipment market in Europe, 2010 58
Figure 27: Factors influencing the likelihood of new entrants in the networking equipment market in Europe, 2010 59
Figure 28: Factors influencing the threat of substitutes in the networking equipment market in Europe, 2010 61
Figure 29: Drivers of degree of rivalry in the networking equipment market in Europe, 2010 62
Figure 30: Europe networking equipment market value forecast: $ billion, 2010–15 63
Figure 31: France networking equipment market value: $ billion, 2006–10 65
Figure 32: France networking equipment market segmentation I:% share, by value, 2010 66
Figure 33: France networking equipment market segmentation II: % share, by value, 2010 67
Figure 34: Forces driving competition in the networking equipment market in France, 2010 68
Figure 35: Drivers of buyer power in the networking equipment market in France, 2010 70
Figure 36: Drivers of supplier power in the networking equipment market in France, 2010 71
Figure 37: Factors influencing the likelihood of new entrants in the networking equipment market in France, 2010 72
Figure 38: Factors influencing the threat of substitutes in the networking equipment market in France, 2010 74
Figure 39: Drivers of degree of rivalry in the networking equipment market in France, 2010 75
Figure 40: France networking equipment market value forecast: $ billion, 2010–15 76
Figure 41: Germany networking equipment market value: $ billion, 2006–10 80
Figure 42: Germany networking equipment market segmentation I:% share, by value, 2010 81
Figure 43: Germany networking equipment market segmentation II: % share, by value, 2010 82
Figure 44: Forces driving competition in the networking equipment market in Germany, 2010 83
Figure 45: Drivers of buyer power in the networking equipment market in Germany, 2010 85
Figure 46: Drivers of supplier power in the networking equipment market in Germany, 2010 86
Figure 47: Factors influencing the likelihood of new entrants in the networking equipment market in Germany, 2010 87
Figure 48: Factors influencing the threat of substitutes in the networking equipment market in Germany, 2010 89
Figure 49: Drivers of degree of rivalry in the networking equipment market in Germany, 2010 90
Figure 50: Germany networking equipment market value forecast: $ billion, 2010–15 91
Figure 51: Italy networking equipment market value: $ million, 2006–10 95
Figure 52: Italy networking equipment market segmentation I:% share, by value, 2010 96
Figure 53: Italy networking equipment market segmentation II: % share, by value, 2010 97
Figure 54: Forces driving competition in the networking equipment market in Italy, 2010 98
Figure 55: Drivers of buyer power in the networking equipment market in Italy, 2010 100
Figure 56: Drivers of supplier power in the networking equipment market in Italy, 2010 101
Figure 57: Factors influencing the likelihood of new entrants in the networking equipment market in Italy, 2010 102
Figure 58: Factors influencing the threat of substitutes in the networking equipment market in Italy, 2010 104
Figure 59: Drivers of degree of rivalry in the networking equipment market in Italy, 2010 105
Figure 60: Italy networking equipment market value forecast: $ million, 2010–15 106
Figure 61: Japan networking equipment market value: $ billion, 2006–10 110
Figure 62: Japan networking equipment market segmentation I:% share, by value, 2010 111
Figure 63: Japan networking equipment market segmentation II: % share, by value, 2010 112
Figure 64: Forces driving competition in the networking equipment market in Japan, 2010 113
Figure 65: Drivers of buyer power in the networking equipment market in Japan, 2010 115
Figure 66: Drivers of supplier power in the networking equipment market in Japan, 2010 116
Figure 67: Factors influencing the likelihood of new entrants in the networking equipment market in Japan, 2010 117
Figure 68: Factors influencing the threat of substitutes in the networking equipment market in Japan, 2010 119
Figure 69: Drivers of degree of rivalry in the networking equipment market in Japan, 2010 120
Figure 70: Japan networking equipment market value forecast: $ billion, 2010–15 121
Figure 71: Belgium networking equipment market value: $ million, 2006–10 125
Figure 72: Belgium networking equipment market segmentation I:% share, by value, 2010 126
Figure 73: Belgium networking equipment market segmentation II: % share, by value, 2010 127
Figure 74: Forces driving competition in the networking equipment market in Belgium, 2010 128
Figure 75: Drivers of buyer power in the networking equipment market in Belgium, 2010 130
Figure 76: Drivers of supplier power in the networking equipment market in Belgium, 2010 131
Figure 77: Factors influencing the likelihood of new entrants in the networking equipment market in Belgium, 2010 132
Figure 78: Factors influencing the threat of substitutes in the networking equipment market in Belgium, 2010 134
Figure 79: Drivers of degree of rivalry in the networking equipment market in Belgium, 2010 135
Figure 80: Belgium networking equipment market value forecast: $ million, 2010–15 136
Figure 81: Canada networking equipment market value: $ million, 2006–10 140
Figure 82: Canada networking equipment market segmentation I:% share, by value, 2010 141
Figure 83: Canada networking equipment market segmentation II: % share, by value, 2010 142
Figure 84: Forces driving competition in the networking equipment market in Canada, 2010 143
Figure 85: Drivers of buyer power in the networking equipment market in Canada, 2010 145
Figure 86: Drivers of supplier power in the networking equipment market in Canada, 2010 146
Figure 87: Factors influencing the likelihood of new entrants in the networking equipment market in Canada, 2010 147
Figure 88: Factors influencing the threat of substitutes in the networking equipment market in Canada, 2010 149
Figure 89: Drivers of degree of rivalry in the networking equipment market in Canada, 2010 150
Figure 90: Canada networking equipment market value forecast: $ million, 2010–15 151
Figure 91: China networking equipment market value: $ billion, 2006–10 156
Figure 92: China networking equipment market segmentation I:% share, by value, 2010 157
Figure 93: China networking equipment market segmentation II: % share, by value, 2010 158
Figure 94: Forces driving competition in the networking equipment market in China, 2010 159
Figure 95: Drivers of buyer power in the networking equipment market in China, 2010 161
Figure 96: Drivers of supplier power in the networking equipment market in China, 2010 162
Figure 97: Factors influencing the likelihood of new entrants in the networking equipment market in China, 2010 163
Figure 98: Factors influencing the threat of substitutes in the networking equipment market in China, 2010 165
Figure 99: Drivers of degree of rivalry in the networking equipment market in China, 2010 166
Figure 100: China networking equipment market value forecast: $ billion, 2010–15 167
Figure 101: Netherlands networking equipment market value: $ million, 2006–10 172
Figure 102: Netherlands networking equipment market segmentation I:% share, by value, 2010 173
Figure 103: Netherlands networking equipment market segmentation II: % share, by value, 2010 174
Figure 104: Forces driving competition in the networking equipment market in the Netherlands, 2010 175
Figure 105: Drivers of buyer power in the networking equipment market in the Netherlands, 2010 177
Figure 106: Drivers of supplier power in the networking equipment market in the Netherlands, 2010 178
Figure 107: Factors influencing the likelihood of new entrants in the networking equipment market in the Netherlands, 2010 179
Figure 108: Factors influencing the threat of substitutes in the networking equipment market in the Netherlands, 2010 181
Figure 109: Drivers of degree of rivalry in the networking equipment market in the Netherlands, 2010 182
Figure 110: Netherlands networking equipment market value forecast: $ million, 2010–15 184
Figure 111: Spain networking equipment market value: $ million, 2006–10 188
Figure 112: Spain networking equipment market segmentation I:% share, by value, 2010 189
Figure 113: Spain networking equipment market segmentation II: % share, by value, 2010 190
Figure 114: Forces driving competition in the networking equipment market in Spain, 2010 191
Figure 115: Drivers of buyer power in the networking equipment market in Spain, 2010 193
Figure 116: Drivers of supplier power in the networking equipment market in Spain, 2010 194
Figure 117: Factors influencing the likelihood of new entrants in the networking equipment market in Spain, 2010 195
Figure 118: Factors influencing the threat of substitutes in the networking equipment market in Spain, 2010 197
Figure 119: Drivers of degree of rivalry in the networking equipment market in Spain, 2010 198
Figure 120: Spain networking equipment market value forecast: $ million, 2010–15 199
Figure 121: United Kingdom networking equipment market value: $ billion, 2006–10 203
Figure 122: United Kingdom networking equipment market segmentation I:% share, by value, 2010 204
Figure 123: United Kingdom networking equipment market segmentation II: % share, by value, 2010 205
Figure 124: Forces driving competition in the networking equipment market in the United Kingdom, 2010 206
Figure 125: Drivers of buyer power in the networking equipment market in the United Kingdom, 2010 208
Figure 126: Drivers of supplier power in the networking equipment market in the United Kingdom, 2010 210
Figure 127: Factors influencing the likelihood of new entrants in the networking equipment market in the United Kingdom, 2010 211
Figure 128: Factors influencing the threat of substitutes in the networking equipment market in the United Kingdom, 2010 213
Figure 129: Drivers of degree of rivalry in the networking equipment market in the United Kingdom, 2010 214
Figure 130: United Kingdom networking equipment market value forecast: $ billion, 2010–15 216
Figure 131: United States networking equipment market value: $ billion, 2006–10 220
Figure 132: United States networking equipment market segmentation I:% share, by value, 2010 221
Figure 133: United States networking equipment market segmentation II: % share, by value, 2010 222
Figure 134: Forces driving competition in the networking equipment market in the United States, 2010 223
Figure 135: Drivers of buyer power in the networking equipment market in the United States, 2010 225
Figure 136: Drivers of supplier power in the networking equipment market in the United States, 2010 226
Figure 137: Factors influencing the likelihood of new entrants in the networking equipment market in the United States, 2010 227
Figure 138: Factors influencing the threat of substitutes in the networking equipment market in the United States, 2010 229
Figure 139: Drivers of degree of rivalry in the networking equipment market in the United States, 2010 230
Figure 140: United States networking equipment market value forecast: $ billion, 2010–15 232
Figure 141: Alcatel Lucent: revenues & profitability 240
Figure 142: Alcatel Lucent: assets & liabilities 241
Figure 143: Ericsson (LM Ericsson Telephone Company): revenues & profitability 247
Figure 144: Ericsson (LM Ericsson Telephone Company): assets & liabilities 248
Figure 145: Huawei Technologies Co. Ltd.: revenues & profitability 253
Figure 146: Huawei Technologies Co. Ltd.: assets & liabilities 253