Tag Archives: Huawei

Chinese telecom giant Huawei in talks for a U.S. IPO

Chinese telecom giant Huawei Technologies Co. is reportedly in talks that could lead to an initial public stock offering in the U.S., something that could ease concerns about its independence from its home country’s government and military. The Wall Street Journal cited unnamed sources who said that Huawei, whose U.S. research and development headquarters is in… Read More »

Huawei surpasses Ericsson as world’s largest telecom equipment vendor

Chinese telecoms giant Huawei Technologies on Tuesday reported a 5.1 percent rise in sales to 102.7 billion yuan (US$16.1 billion) for first-half 2012, ended Jun. 30, which surpassed Ericsson’s 106.3 billion kronor (US$15.25 billion) over the same period.
Previously the world’s second-largest equipment manufacturer, Huawei’s latest income is for the first time larger than the Swedish telco player, said Chinese report.

Since 2011, the slowdown in the global market have seen telecom operators worldwide reporting lower income and profits, resulting in even greater competition between telecom equipment manufacturers.