Huawei secures more than 25 commercial contracts for 5G, largest globally
- Country:
- China
Chinese technology giant Huawei Technologies said on Tuesday it has secured more than 25 commercial contracts for 5G, the largest in the world, and has shipped more than 10,000 base stations for the fifth generation of mobile communications.
Rotating chairman Ken Hu, speaking at a press conference at the company's headquarters in Shenzhen, also said Huawei expects revenue to exceed $100 billion this year.
The company reported revenue of $92 billion in 2017.
(With inputs from agencies.)
Advertisement
ALSO READ
Health News Roundup: Eli Lilly to acquire manufacturing facility from Nexus Pharma; Drug distributor Cardinal Health to lose OptumRx contracts and more
NSE debuts Nifty Next 50 index derivative contracts, garners positive feedback
IGX Pioneering ssLNG Contracts to Extend Gas Accessibility Beyond Pipelines