Qualcomm Inc (QCOM)

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Huawei set to ring up 32% rise in revenue
Zhu Shenshen
2006-04-25

http://www.shanghaidaily.com/art/2006/04/25/265094/Huawei_set_to_ring_up_32__rise_in_revenue.htm

THE overseas and mobile phone business is expected to ring up a 32 percent jump year on year in Huawei Technologies' revenue this year, China's biggest private telecom equipment maker told a conference recently.

In 2006, Huawei's revenue is expected to hit US$7.8 billion with 60 percent of the income coming from overseas. In 2005, its revenue was US$5.9 billion and overseas income accounted for 58 percent, surpassing the domestic revenue for the first time, according to Huawei.

Due to continuous investment and innovation, over 100 million global subscribers are being served by Huawei's network. Its products and network equipment have been commercially deployed in more than 60 countries, the Shenzhen-based company said in a statement yesterday.

Huawei won a US$100 million deal from Oasis Sprl, the Congolese operation of Millicom International Cellular, to provide its network to them, it said yesterday.

"Overseas operational experience and strong research will help Huawei win market shares in the Chinese 3G market," said Li Xuefang, an analyst at CCID Consulting Co, a research firm under the Ministry of Information Industry.

Huawei has invested 6 billion yuan (US$750 million) in 3G, a high-speed wireless phone technology. At present, Huawei owns 5 percent of the global wideband code division multiple access, or WCDMA, patents and has permission to use patents owned by foreign giants including Nokia, Qualcomm and Ericsson, which can also use Huawei's, MII said on its Website yesterday.

Meanwhile, Huawei plans to sell 25 million mobile phones this year, more than double last year's figure. It sold 10 million handsets in the world in 2005, which doubled the previous year's level.