HONG KONG (Reuters) – Huawei Technologies [HWT.UL] on Tuesday said that it has secured more than 25 commercial contracts for 5G, slightly above the 22 Chinese technology giant had announced here in November.
People walk past the stall of the telecommunications-equipment maker Huawei Technologies at Security China 2018 exhibition on public security in Beijing, China, 23 October, 2018. REUTERS/Thomas Peter
Huawei has delivered more than 10,000 base stations for the fifth generation of mobile communications, the rotating chairman Ken Hu told reporters in the company of the campus in Dongguan in southern China.
The company gave no details about customers.
The press conference, which comes a few weeks after the Huawei’s chief financial officer Meng Wanzhou also the daughter of the founder Ren Zhengfei, was arrested in Canada at the request of the United States.
She is in anticipation of his possible extradition to the United States in a case that has roiled global markets.
This is added to the misery of the Chinese company, which has already been virtually eliminated from the U.S. market and was banned by Australia and New Zealand, from the build of 5G networks in terms of the acceleration could facilitate Chinese espionage.
The company has repeatedly urged Beijing has no influence on it, a point repeated at the press conference on Tuesday.
Huawei is the communication with governments all over the world with regard to the independence of the operation, it said.
Reuters last week quoted sources which say that Huawei planned to spend $2 billion to tackle the British authorities’ securities. Britain is one of Huawei’s largest international markets.
Huawei is the world’s largest supplier of telecommunications network equipment and the second-largest maker of smartphones, with sales of approximately $92 billion last year. In contrast to other major Chinese technology companies, half of its sales from abroad.
On Tuesday, Huawei said it expects a revenue of more than $100 billion this year, with 8.7 percent rise last year.
(This version of the story was corrected to say Hu spoke on Dongguan campus, non-headquarters in Shenzhen, in the second paragraph)
Reporting by Sijia Jiang; Editing by Sayantani Ghosh and Himani sarkar