Networking and telecommunications equipment suppliers Huawei Technologies Co. and ZTE Corp. (00763.HK, 000063.CN) are leading the race for 4G equipment tender by China Telecom Corp. Ltd. (00728.HK), Beijing Morning Post reported Thursday, citing unnamed sources with knowledge of the matter. Huawei and ZTE are the top two suppliers among 10 shortlisted candidates, with Alcatel Lucent in third place. The top three suppliers will win nearly 80 percent of the contract while the top two will win more than 60 percent, the report said. China Telecom is set to award tenders which include the set-up of 60,000 to 70,000 4G base stations, the report said.
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