Huawei’s 2019 revenue to jump 18 percent

SHANGHAI: Huawei Technologies yesterday said its full-year revenue would likely jump 18 percent in 2019 to 850 billion yuan ($121.72 billion), lower than its earlier projections, as a US trade blacklisting curbed growth and disrupted its ability to source key parts. The world’s biggest maker of telecom network equipment and the No. 2 manufacturer of […]

Huawei wins contract to develop German 5G network

BERLIN: Chinese telecom giant Huawei on Wednesday won a contract to supply 5G infrastructure in Germany but the politically sensitive deal is subject to government approval following US concerns about snooping. Telefonica Germany, the second biggest operator after Deutsche Telekom, said it was giving Huawei and Finland’s Nokia an equal role in the project, calling […]

Huawei moves to overturn unlawful US subsidy ban

CHINA: Chinese telecoms giant Huawei said yesterday it has petitioned a US court to overturn a ban that prevents carriers in rural America from buying the firm’s equipment by tapping an $8.5-billion federal fund. Huawei’s petition said the ban — imposed last month against the company and its Chinese rival ZTE on national security grounds […]