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Jun 23, 2012, 12.32 PM IST
CHINA-HUAWEI-SUBSIDIES:Huawei denies using Chinese subsidies to grab more business
By Denis Pinchuk
ST PETERSBURG, Russia (Reuters) - Huawei Technologies Co Ltd
Huawei and cross-town rival ZTE Corp <000063.SZ> <0763.HK> have come under close scrutiny by U.S. lawmakers and the European Commission, which say both are able to use subsidies to bid for contracts at lower prices than Western competitors.
Both companies rose to prominence rapidly over the past few years, clinching contracts with major telecom carriers and sometimes edging out European rivals Ericsson
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