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Strong earnings growth despite crisis

Business | Information industry
2009-4-24

CHINESE telecommunications equipment makers posted strong earnings growth despite the impact of the global financial crisis unlike their overseas rivals. Shenzhen-based Huawei Technologies Co, China's biggest...

Dialing up 32 percent

Business | Information industry
2008-7-11

HUAWEI Technologies Co, China's biggest telephone-equipment maker, said its profit rose 32 percent in 2007 on increased orders from clients such as Vodafone Group Plc and China Mobile Ltd. Net income climbed to...

Huawei invites buyers for stake sale in cell phone unit

Business | Information industry
2008-6-20

HUAWEI Technologies Co, China's biggest phone-network equipment maker, is considering selling a majority stake in a handset unit that may be worth at least US$4 billion, two people familiar with the plan said. The...

3Com drops buyout application from US regulator

Business | Information industry
2008-2-21

THE US$2.2 billion offer for 3Com Corp made by a private-equity group and Chinese telecommunications company is no longer on the table, according to a person familiar with the matter. "The deal is not going to...

US probes Huawei-3Com deal

Business | Information industry
2008-2-4

A UNITED States House committee is investigating the proposed US$2.2 billion acquisition of 3Com Corp by Bain Capital LLC and China's Huawei Technologies Co, a deal that has sparked national-security concerns in Washington. ...

3Com shareholders vote on Chinese takeover

Business | Information industry
2008-1-28

3COM Corp, the networking-equipment maker whose takeover by a Chinese company is under government scrutiny, said its shareholders will vote on the transaction on February 29. The board is advising that investors...

Indian coup for Huawei

Business | Information industry
2008-1-26

HUAWEI Technologies Co has signed a US$500 million contract with Reliance Communications Ltd (RCOM), India's largest mobile carrier, China's biggest private telecom equipment company said yesterday. It was Huawei's...

Huawei thrusts itself in deep end with JV

Business | Information industry
2007-12-14

HUAWEI Technologies Co has established a submarine telecommunications joint venture with UK-based Global Marine Systems to penetrate into the US$2 billion market annually, China's biggest private telecommunication...

Huawei will suspend 'resignation' plan

Business | Jobs/human resources
2007-11-12

HUAWEI Technologies Co Ltd has agreed to suspend its controversial "voluntary resignation" scheme after talks with trade unions, the All China Federation of Trade Unions said on Saturday. The federation said it...

Iraq telco deal

Business | Information industry
2007-7-24

HUAWEI Technologies Co, China's largest telecommunications equipment maker, has won a US$275 million contract from Kalimat Telecom of Iraq to set up a wireless telecommunications network. Huawei will carry out...