Technology business Huawei says it’ll invest £650 million in its UK operations and will spend another £650 million in procurement over the next five years. The company, which already employs over 800 people in the UK, now plans to increase its workforce to over 1,500 staff by 2017.
Ren Zhengfei, founder and CEO of Huawei, announced the plans after a meeting with UK Prime Minister David Cameron and Lord Green, the Minister of State for Business.
Article rating: No rating
Technology company Huawei has published financial results for the first half of 2012.
Sales revenue was up 5.1% year-on-year to CNY 102.7 billion (£10.38 billion), while operating profit reached CNY 8.79 billion. That’s a 22% drop from the same period in 2011 but an increase from the previous six months.
Article rating: No rating
This week’s podcast from The Fonecast takes a look at the European Commission’s new roaming charges before talking about the rest of the week’s big stories, from Facebook to free messaging.
You can listen to the programme on our website audio player, via iTunes, by using our RSS feed or by downloading the MP3.
Article rating: No rating
Chinese telecoms business Huawei is reported to have won a five-year deal to manage key aspects of O2’s UK network.
It’s Huawei’s first major managed services agreement in the UK.
Article rating: No rating
Information and communications technology business Huawei has reported its full-year results for the 2011 financial year.
Revenue was up 11.7% to CNY 203.9 billion, while net profits were down year-on-year to CNY 11.6 billion.
Article rating: No rating