HUAWEI LAUNCHES GLOBAL EXPANSION PROGRAM
AsiaInfo Services, January, 2005
AsiaInfo Services 01-13-2005 Huawei Launches Global Expansion Program SHENZHEN, Jan 13, 2005 (SinoCast via COMTEX) -- Huawei Technologies Co., Ltd, China's largest telecommunications equipment maker, formally launched the ambitious global expansion strategy on January 11,2005, aiming to increase the overseas sales from USD2.28bn in 2004 to over USD10bn by 2008. Huawei has won more and more contracts outside of Chinese market with lower prices and competitive products in the past few years.
The 2004's sales in South Africa, Middle East, NorthAfrica and Asia-Pacific regions were over USD400mn, and Huawei has made breakthroughs in Europe, by winning the 3G contract from Telfort, a Dutch mobile operator. It is revealed that top 10 telecommunications carriers in...
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