Huawei expects its mobile network infrastructure business to see at least 10 percent growth this year as rising demand for next-generation products in Europe and elsewhere more than offset lost sales in the US. The head of the group’s mobile network marketing unit, Bob Cai, told the Wall Street Journal that this target was not… Read More »
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 »
Nokia Siemens Networks expects to overtake Huawei next year in the mobile network infrastructure market, the company’s USA based head of customer operations has said. Citing new contracts the company has won, he told the Reuters news agency that the company expects to take the second spot in market share from Huawei for 2013, on a full… Read More »
Ericsson took over first place in the global microwave equipment market in the second quarter of 2012, barely edging past Huawei and pushing previous leader NEC into third place, according to market research firm Infonetics Research’s microwave equipment vendor market share and forecast.
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.