Wednesday, June 22, 2005

Huawei Forecasts Triple Europe Sales; Chosen for China Mobile 3G Network Test

From Forbes: Huawei Technologies chosen for China Mobile 3G network test

"Shenzhen-based telecommunications equipment maker Huawei Technologies Co Ltd has been chosen by China Mobile to deploy a test network for third generation (3G) wireless telecommunications in the country's southern province of Guangdong, the National Business News reported."

From Forbes: China's Huawei sees sales in Europe tripling to 600 mln usd in 2005

"Huawei Technologies Co Ltd, a major telecom equipment maker, expects sales in Europe to triple to 600 mln usd this year on an aggressive expansion program, the China Daily reported. Citing Richard Li, Huawei's European spokesman, the newspaper said the company racked up 200 mln usd in contract sales in Europe last year."

From Telecomweb: ABI Chronicles The Rise Of Huawei

"China's largest domestic telecom equipment supplier Huawei could be on the brink of becoming one of the leading worldwide vendors, in part owing to an emerging wireless-centric strategy applicable to the whole global telecom scene. So says Oyster Bay, N.Y.-based research house ABI Research, which just concluded a report exclusively about the Chinese manufacturer.

Huawei: On the Road to Becoming a Leading International Equipment Supplier, from ABI's Asia bureau, points out that 2004 revenue growth from Huawei's contract sales reached a four-year high at a 41-percent growth rate while it also reported healthy operating and profit margins reaching 18 percent and 16 percent, respectively, last year."