Huawei expects its revenue to elevate from the 5G roll-out next year

SHANGHAI (Reuters) – Huawei Technologies, it is expected that the roll-out of next-generation 5G wireless networks will have to start contributing to the company’s revenue next year, when China launched services, the company’s vice-president said on Wednesday.

People look at products at the Huawei booth at the International Consumer Electronics exhibition in Beijing, China, August 2, 2019. REUTERS/Thomas Peter

The Chinese telecom-equipment giant has said that it has secured more than 50 5 g of commercial agreements, even as it fights allegations from the United States and its allies and their networks are a vehicle for Chinese spying.

Ken Hu, said that while the rollout was accelerating, especially in Asia, the company believed that it would still have to wait for a while before the 5G, it bears a significant share of the revenue.

“We’ll have a clearer picture around the middle of next year, when the first batch of 5 g of a commercial roll-outs in China will reach a certain point,” he told reporters on the sidelines of a conference in a company, it is estimated that Huawei have signed about 60 contracts.

China’s big three state-telecom companies are in a race to get to the roll-out of 5G services in more than 50 towns and cities, and this year, after countries such as South Korea and the United States of america, who have already started using the service, which promises to support new technologies, such as autonomous driving.

Huawei’s home market, and has grown to be more vital for the company, since Washington May be prohibited U.S. companies from trading with their own national security concerns, and the impact of international business.

The company has denied the allegations and said Washington is trying to contain its leadership position in the industry, to the benefit of US corporations.

Huawei founder and CEO Ren Zhengfei, last week told The Economist magazine that, in connection with the problems of the US are concerned, it is open for the sale of the company’s 5G technology, including patents, code, illustrations, blueprints, manufacturing know-how, to a Western firm for a one-time fee.

Hu said that in the Run and the suggestion that it was not as complex as it is, and that’s a new player, it can help to relieve the concerns about safety and security.

“If the proposal is carried out, it is, on the one hand, and the support for more competition in the 5G on the global supply chain, and the competition is good for consumers and users, and contribute to the industry,” he said.

The company also on Wednesday launched what they described as “the world’s fastest artificial intelligence in education cluster”, which is called Atlas, 900, and promised to invest $1.5 billion into the developer program.

Huawei, which is also the world’s No. 2 mobile phone maker, is scheduled to launch a new high-end smartphone on Thursday, in spite of the uncertainty as to whether or not the new device will be able to use Google’s Android operating system and the applications.

Huawei said last month that, while the impact of the US curbs were to be weaker than previously expected, it was still busy with her smart phone unit sales were lower by about $10 billion this year.

Reporting by Brenda Goh in Shanghai; Additional Reporting by Sijia Jiang of HONG KONG; Editing by Stephen Coates

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