Turnover at China’s Huawei rises 45 percent in 2006

9 February 2007

Shenzhen, China, 9 Feb – Huawei Technologies, one of China’s laregst telecommunications equipment manufacturers, said Thursday in Shenzhen it had posted turnover of 65.5 billion yuan (around US$8 billion) in 2006, a year on year rise of 45 percent.

According to the company, the rapid growth of sales occurred abroad, with foreign turnover accounting for 65 percent of the total.

Huawei provides equipment to 31 of the 50 largest world operators, including Vodafone, Telefonica, KPN, France Telecom/Orange and Italia Telecom.

In the mobile network infrastructure sector, Huawei has already won 78 3rd generation contracts, including 47 UMTS projects.

Huawei, which is a private company based in Shenzhen, a city bordering Hong Kong in Southern China, is the largest Chinese communication technology company, and is present in 14 European and American companies, including Portugal, where it has agreements to sell its technology to operators Optimus and Novis, both of which are majority-owned by Sonaecom. (macauhub)