Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

China's Huawei says expects carrier services revenue to reach $11.4 billion in 2015

Published 22/04/2015, 04:28
© Reuters. A multi-chassis cluster router is shown inside the exhibition hall at Huawei's headquarters in Shenzhen

HONG KONG (Reuters) - Chinese telecom equipment maker Huawei Technologies [HWT.UL] said on Wednesday it expects its carrier services revenue to rise 9 percent to $11.4 billion (7.64 billion pounds) this year as it aims to build its presence in the service sector for global carriers.

Huawei also said its services revenue accounted for 33 percent of the company's carrier business in 2014. That business competes with Sweden's Ericsson for the top spot in the global market for communications towers and other infrastructure.

© Reuters. A multi-chassis cluster router is shown inside the exhibition hall at Huawei's headquarters in Shenzhen

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.