Go to content

China Briefings

Reports on China issued by Samsung Economic Research Institute

Huawei: Development And Corporate Culture

Huawei: Development And Corporate Culture

Samsung Economic Research Institute Beijing Office

Nov. 12, 2009

Download Huawei: Development And Corporate Culture
 PDF email Print

Ι.Huawei's Rapid Growth

□ Huawei, Chinese telecommunications equipment supplier, has emerged as a global company thanks to its rapid growth.

• In 2008, Huawei signed a US$23.3 billion contract and recorded US$18.3 billion in sales, ranking fourth among global telecommunications equipment suppliers.

- Amid the saturation of the 3G (third-generation) telecom market, sales of Huawei increased by 43% in 2008 while those of competitors decreased or stagnated, affected by the global financial crisis.

- According to In-Stat, market researcher, sales of global telecommunications equipment market will decline by 22% in 2009.

• Huawei secured vast sales network by maintaining cooperative ties with global telecommunications service operators.

- In 2008, overseas contracts account for 75% of all contracts, establishing Huawei as the company with the biggest overseas sales.

- It established LTE/SAE network in Oslo, Norway, for the first time in the world. It signed contracts with Telus and Bell, and established Universal Mobile Telecommunications Service and High Speed Packet Access.

Go to list