Huawei scores key win in tech charge

Huawei Technologies Co has scored another victory in the global race toward commercializing fifth-generation mobile communication technology, after the Chinese telecom equipment maker's 5G-ready products won official approval for commercial use in Europe.

The move came as tech players around the world are scrambling to commercialize the technology, which can allow consumers to download an 8-gigabit movie in seconds and execute tasks that were beyond their reach in the 4G era, such as self-driving cars.

The Shenzhen-based company said in a statement that it has obtained the world's first CE type examination certificate, or TEC, for 5G products, which "represents a significant step toward realizing large-scale commercial 5G deployment".