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Huawei's growth becoming sustainable with 4G LTE networks, firm says
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HUAWEI Technologies Co Ltd will achieve sustainable growth in 2014 after posting a 19 percent growth of revenue in the first half, the world's No. 2 telecom equipment maker said today.
In the first six months, Huawei's revenue was 135.8 billion yuan (US$21.9 billion), with an operating profit margin of 18.3 percent.
"Driven by increasing investments in (4G) LTE networks worldwide, Huawei has further solidified its leadership position in mobile broadband," Huawei's CFO Cathy Meng said in a statement.
"Rapid growth in software and services helped maintain steady growth in our carrier network business," Meng added.
The smartphone business has also become a new income engine of Huawei, which has launched its flagship model P7 in 70 countries and regions, the statement said.
China will become the world's biggest regional 4G network with more than 700 million 4G users, accounting for 25 percent of the global level, according to Ericsson, the world's biggest telecommunications equipment maker.
All three Chinese carriers have launched LTE (long term evolution) networks in major cities nationwide, which offer users 4G network for high-speed data services such as mobile film and video conference.
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