China’s Huawei says that it has secured more than 25 commercial contracts 5G

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

HONG KONG (Reuters) – Chinese technology giant Huawei Technologies [HWT.UL] said on Tuesday it has secured more than 25 commercial contracts for 5G, the largest in the world, and has shipped more than 10,000 base stations for the fifth generation of mobile communications.

Rotating chairman Ken Hu, speaking at a press conference at the headquarters in Shenzhen, also said Huawei expects to have a turnover of more than $100 billion this year.

The company reported a revenue of $92 billion in 2017.

Reporting by Sijia Jiang; Editing by Anne Marie Roantree and Muralikumar Anantharaman

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