BIZCHINA> Top Biz News
Huawei contract sales surge 46% to $23.3 billion
By Wang Xing and Wang Xu (
Updated: 2009-01-07 12:14

Chinese telecom equipment maker Huawei Technologies said its contract sales increased 46 percent year-on-year in 2008.

Related readings:
Huawei contract sales surge 46% to $23.3 billion Foreign companies may lose out in nation's 3G launch
Huawei contract sales surge 46% to $23.3 billion Huawei, Global Marine Systems in telecom JV
Huawei contract sales surge 46% to $23.3 billion Cosco signs deal with Greek port
Huawei contract sales surge 46% to $23.3 billion China 3G pace gathers speed

Sun Yafang, chairwoman of Huawei Technologies, said in an email to employees dated Jan 2 that the company's contract sales amounted to $23.3 billion in 2008, with 75 percent coming from overseas markets.

"Last year, we maintained a solid and healthy growth," Sun said in the email. She said Huawei's contract sales are expected to increase 28.8 percent to $30 billion in 2009.

The worldwide economic slowdown has prompted many telecom operators to trim spending growth, resulting in a fall in demand of new equipment from suppliers, including Ericsson and Nokia Siemens Networks.

The more price competitive Chinese telecom equipment makers such as Huawei and ZTE Corp are in a better position than their foreign counterparts to compete in the international marketplace.

(For more biz stories, please visit Industries)