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3COM, Huwei, agree to joint venture Add to ...

MISSISSAUGA, Ont., Nov. 17 - 3Com and Huawei Technologies Co. of Shenzhen, China, have announced that they will collaborate to create and sell enterprise networking products including routers and LAN switches. 3Com has the rights to market and support the Huawei-3Com products under the 3Com brand in all countries except China and Japan. In China and Japan, Huawei-3Com will sell products sourced internally as well as from 3Com. Huawei is contributing to Huawei-3Com its enterprise networking business assets, including LAN switches and routers, engineering and sales and marketing resources and personnel, and licences to its related intellectual property. 3Com is contributing $160-million (U.S.) in cash, assets related to its operations in China and Japan, and licenses to certain intellectual property. In two years, 3Com has the right to acquire a majority ownership interest in Huawei-3Com.

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