Huawei for Europe

Huawei for Europe. Huawei wants to step up overseas sales drive in Europe, in a move that will raise pressure on western rivals. The 2007 annual report of Huawei, which is not a public company, said it generated revenue of $12.6bn and net income of $673.5m.

According to Zhou Ming Cheng, Huawei's European marketing director, "The European market is one of the biggest in the world - very strategic to the company. So we put more investment in and we believe we will have a better and better position."

During the past two years, Huawei has been winning wireless infrastructure contracts with European mobile operators by edging out Alcatel-Lucent, Eric-sson and Nokia Siemens.

Vincent Rech, an analyst at Société Générale, pointed to contracts won by Huawei in 2007 with Vodafone in Greece, Romania and Spain; France Telecom in Belgium and France; and Telefónica in Germany. The contracts underline how Huawei is moving beyond China and other emerging markets.

(source)