Huawei and other companies were unconditionally approved for their acquisition of TD Tech's shares
A few days ago, it published a case on its official website about the conditional permission of concentration of undertakings between February 4 and February 17, 2024. Among these cases, the case of Huawei Technology Co., Ltd. and Chengdu High-tech Co., Ltd. jointly holding TD Tech Communication Technology Co., Ltd. has attracted wide attention.
Huawei is the world's largest ICT** provider and continues to provide high-quality products and services to customers around the world. The purchase of TD Tech Technologies is conducive to the improvement of Huawei's market share and core competitiveness in the communications industry.
TD Tech is committed to the research and service of communication technology, with many years of industrial practice and scientific and technological accumulation. Through this acquisition, Huawei and TD Tech will complement each other's strengths in technology R&D and market expansion, and jointly promote the development and innovation of communication technology.
After careful examination and approval, the State Administration for Industry and Commerce held that the case was legal and did not cause adverse market competition, so it was conditionally approved. The promulgation of the "Opinions" is an affirmation of the independent operation and fair competition of market players, and is also a positive promotion of the telecommunications industry.