Chinese telecommunications equipment manufacturer Huawei Technologies has signed an agreement making Solgood Communications , owned by Dan Machnes, its exclusive representative in Israel.
Solgood CEO Oren Silbershatz says that Huawei’s goal is to achieve a 20-25% shares of the estimated $250-400 million annual Israeli telecommunications infrastructure market.
Huawei develops infrastructure equipment for wireless networks, landline networks, optical equipment, and end-user products for the teleprocessing market. Its main advantage lies in its prices, which are cheaper than those of the major global communications equipment manufacturers, enabling the Chinese company to gain an increasing market share.
Former Pele-Phone chairman Amnon Neubach, who introduced Huawei and Solgood, will lead Huawei’s business in Israel.
Huawei will include its Israeli business with its activity in Central and Eastern Europe. Cui Jiangao, Huawei manager for Central and Eastern Europe, says, “Huawei regards the Israeli market as an important target, in view of the penetration there of the wireless, Internet, international telephony, and multi-channel TV industries. This market is able to quickly absorb and adopt new technologies. Huawei has chosen Solgood as its representative in Israel because of its proven ability to promote high-quality technological products, and make them successful and popular brand names within a short time.”
Published by Globes [online] - www.globes.co.il - on June 27, 2004