Asia Express - Data Communications
Huawei, Option Sign Agreement for Telecom Cooperation
October 29, 2010
Chinese telecom equipment supplier Huawei and Belgian wireless Internet device manufacturer Option signed an agreement on October 27, 2010 for telecom R&D tie-up, according to Reuters. It is reported that the two companies also plan to establish a R&D center in Belgium. As per the agreement, Huawei will license Option's connection manager software and purchase Option's semiconductor unit M4S. It is projected that the license is estimated at 27 million Euros (US$37.5 million; US$1=0. 72 Euros) for the first one year and can be extended to 18 months for up to 33 million Euros (US$45.8 million). The purchase of M4S is expected to cost Huawei around 8 million Euros (US$11.1 million), according to the same source.