company news media news corporate culture notice periodical
Huawei has won 25 5G contracts. This year's revenue will break the 100 billion dollar mark.
Date:2018-12-18 Souce: 国际电子商情

Recently, Huawei's rotating chairman Hu Houkun said at a press conference of the company's Shenzhen headquarters that Huawei has received more than 25 fifth-generation mobile communication (5G) commercial contracts, slightly higher than 22 announced in November. At the same time, 5G base stations (base stations) have shipped more than 10,000 units.

However, Huawei did not provide detailed information about its customers.

In terms of performance in 2018, Huawei also made relevant forecasts. Revenues are expected to exceed $100 billion this year, an increase of 8.7% from $92 billion last year.

A few weeks ago, Huawei’s chief financial officer (CFO) and Huawei’s founder, Ren Zhengfei’s daughter, Meng Zhouzhou, were arrested in Canada for US reasons. Although she has been released and is free to live, she may be extradited to the United States. The case has already caused shocks in global financial markets.

More disadvantageously, Huawei has basically been rejected by the United States. Australia and New Zealand also banned Huawei from building the country's 5G network, fearing that the company's equipment may assist China in espionage.

Huawei has repeatedly said that the above incidents have no effect on it, and the recent press release will reiterate this point. Huawei said it is already communicating with governments around the world about its operational independence.

In response, there are also reports that Huawei plans to spend $2 billion on security rectification to address UK concerns. Unlike other large technology companies in China, half of the company's revenue comes from overseas. The UK is one of Huawei's largest overseas markets. Huawei has not responded to this matter for the time being.

Further reading: Huawei's 5G deployment since 2018

On January 3, Huawei signed a memorandum of understanding with the Brazilian Ministry of Technology, Innovation and Communications (MCTIC) to cover the feasibility study of helping to make 5G broadband networks and technical and economic aspects of fiber optic networks in Brazil.

On February 21, Vodafone and Huawei completed the world's first 5G call.

On February 23, Huawei signed a memorandum of understanding on strategic cooperation with INWIT, Italy's largest tower company. The two parties announced that they will work closely together on indoor coverage products and technologies, services and platforms, and ecology and expansion.

On February 27th, Huawei and Bouygues Telecom announced the signing of a 5G contract to jointly launch the 5G test in France.

On February 28th, at the World Mobile Congress, Swisscom and Huawei jointly signed a strategic cooperation with NetCity to jointly build a world-leading next-generation network infrastructure and provide new communication network services for Swiss users.

On February 27th, Huawei and Bouygues Telecom announced the signing of a 5G contract to jointly launch the 5G test in France.

On February 28th, at the World Mobile Congress, Swisscom and Huawei jointly signed a strategic cooperation with NetCity to jointly build a world-leading next-generation network infrastructure and provide new communication network services for Swiss users.

On February 28th, BT Group and Huawei signed a 5G strategic cooperation contract to jointly deepen their strategic partnership and ensure the BT's 5G leadership in the industry and the advanced nature of EE mobile network.

On March 2, Turkey Telecom and Huawei signed a 5G network cooperation agreement covering a new generation of cloud network architecture, antenna technology, Internet of Things, and public safety.

On May 24th, Russian network operator VimpelCom (Beeline in Russia) signed a cooperation agreement with Huawei in the field of 5G network.

On July 14, Huawei and the Maltese government signed a memorandum of understanding on cooperation with Huawei's 5G technology to help Malta launch smart city construction.

On September 25th, Italy TIM and Fastweb teamed up with Huawei to officially power on the first 5G base station that complies with the 3GPP standard and put it into commercial use. This base station uses Huawei's end-to-end 5G equipment.

In early September, Monaco Telecom and Huawei formally signed a 5G cooperation agreement.

On October 4, China Mobile Hong Kong Co., Ltd. (hereinafter referred to as CMHK) announced that it will jointly build a comprehensive bearer network for 5G with Huawei. It further consolidated the strategic partnership between Huawei and CMHK in the future network construction.

On October 17, Spain's Orange and Huawei jointly held the 7th Global Antenna Technology and Industry Forum in Madrid, and released the "1+1 Sky Plane Full Scene Solution for 5G.

On October 24th, Huawei and the world's first mobile technology (TPCAST) and multimedia communications giant Mediapro, which launched commercial wireless virtual reality (VR) solutions, signed a 5G AR/VR-related cooperation agreement.

On November 6, Lebanese mobile communications and data operator Touch conducted the first 5G commercial test in the country using Huawei's latest 5G equipment.

On November 13, Latvia's telecommunications provider Bite Latvija and Huawei signed a memorandum of understanding on building a 5G network infrastructure in China, including the construction of a 5G base station in Riga in 2019 and the development of a narrowband Internet of Things in Latvia.

On November 23, during the Global Mobile Broadband Forum, Huawei and Indonesia's leading mobile operator Telkomsel jointly signed a memorandum of understanding on innovation cooperation.

On December 3, telecom operator Kuwait VIVA and Huawei signed a 5G commercial contract for the exclusive network of thousands of stations, creating a nationwide 5G commercial network for Kuwait.

On December 5, Huawei and Portuguese telecom operator Altice signed a memorandum of understanding to develop and implement 5G services in Portugal.