Huawei Predicts 29% Growth in 2009!
By Ben Robinson on Sunday, January 25th, 2009 at 4:56 PM PST In Financial/Corporate News, Infrastructure
In what might seem like astonising growth (especially when you look at the numbers), Huawei Technologies Co. Ltd. (a Chinese telecom equipment vendor) is asserting increases of almost 29% during 2009 – this in the face of dire news from the likes of AlcaLu and others….
So Huawei (pronounced Wah-way) has confirmed it did $23.3bn in contract sales last year, and is looking for $30bn this year – giving us that whopping (nearly) one-third growth! Fascinatingly, of the figures last year, oversears (outside China) sales were about 75% of the total.
With China Telecom Operators’ 3G rollouts this years, the domestic sales could be in for a massive boost, but you can guarantee Huawei will still be moving even more strongly in to Europe – nex-gen networks will be a central focus, for sure. Huawei already supplies Tier 1 Operators such as BT, Telecom Italia (NYSE: TI), and Telefonica (NYSE: TEF), and will surely push to close some further big fish before the year is out. Of course, there is a massive opportunity also in developing markets, such as India and Russia.
[Via: lightreading.com]
