Huawei calls for a healthy global competitive environment as it posts strong H1 2019 performance
Share article:

Huawei calls for a healthy global competitive environment as it posts strong H1 2019 performance

Thursday, 01 August 2019

Liang Hua, Chairman of Huawei Technologies announced the performance numbers during a presentation and press conference at the company headquarters on Tuesday.
Share article:

Huawei announced on Tuesday an increase of 23.2% in sales revenue during the first half of 2019. The company’s net profit margin was 8.7%.

For the period of January-June, revenues reached 52.3 billion EUR, Liang Hua, Chairman of Huawei Technologies announced during a presentation and press conference in Shenzhen on Tuesday.

For its consumer division, Huawei shipped approximately 118 million smartphones during the first six months of the year, which is a 24% increase year on year.

For its carrier business department, the telecom company has so far signed over 50 5G commercial contracts across the world. The company has also already deployed 150,000 5G base stations, and expects this number to reach 500,000 by the end of the year.

28 of the 5G contracts signed so far have been in Europe, Abraham Liu, Chief Representative to the EU institutions, told Brussels press during a follow up roundtable, and emphasised that the company is determined to work closely with the EU and its telecom industry to bring a smooth and efficient deployment and implementation of 5G to Europe.

Highlighting the tremendous opportunities 5G will bring to a wide range of industries and for consumers, Liu also stressed the importance of working towards and maintaining a healthy and open global market, with transparency and equal access for everyone. This is the best way for most technological progress to be achieved, and for companies to remain incentivized to be as productive as possible and offer the best solutions possible to end customers, he argued.

“At Huawei, we believe that market access doesn’t equal market share. In the field of ICT, market share should be won by providing the best solutions and services to customers, based on innovation capabilities. This is what a healthy competitive environment is about,” Liu said.

“In the latest China Mobile’s 5G core network project, Ericsson and Nokia were awarded 46 % of the market share in total. In the China Mobile 10GPON smart home gateway tender totalling two million units, Nokia was awarded around 35 % of the procurement value. These figures illustrate that China’s dynamic telecom market provides a level playing field to all vendors,” Liu also pointed out, as he urged other markets to follow suit and not stifle healthy competition and innovation.

His remarks come only a week after Ericsson’s CEO Börje Ekholm hinted at an opposite approach and attitude towards competition, when he complained that European politicians don’t help them out enough in their home market.

The Brussels Times

Latest news

More politicians than ordinary citizens at the Conference on the Future of Europe
The second Plenary of the Conference took place on Saturday in the European Parliament in Strasbourg and discussed the contributions from the ...
Belgium’s Consultative Committee to meet on Tuesday
The next meeting of Belgium's Consultative Committee, scheduled for Friday, has been brought forward to Tuesday at 4:30 PM, according to local media ...
Coca-Cola, Pepsi and Unilever are world’s biggest plastic polluters
Coca-Cola, Pepsi, and Unilever were found to be the world's biggest polluters of plastic in a report published by Branded on Monday. Over 11,000 ...
Four men charged with illegally buying thousands of live ducks to hunt on private land
Four Belgian men will appear in court on Monday facing charges related to the purchase of thousands of ducks, which were then released into a private ...
More wolf attacks: 15 deer killed at family resort over the weekend
Fifteen deer were killed by wolves in the Belgian province of Limburg this weekend, between Saturday night and Sunday morning. The deer were ...
Cost of breast cancer still too high for many patients
Breast cancer still carries too high a cost for patients when one in nine women in Belgium will face the disease before reaching 75, according to a ...
Gare Maritime: Brussels’ most exciting new architectural project
A generation ago, the Gare Maritime in the Tour & Taxis industrial site was an abandoned wasteland. It is now a model for urban renewal and ...
Belgium in Brief: Rules For A Fourth Wave
It's the news that nobody wants to hear, but here we go again. Belgium’s council of ministers will hold an emergency meeting on Monday to discuss ...
Belgian grandparents to walk across Scotland for COP26
A group of Belgian grandparents has set off on a 100 km hike that will take them from Belgium to the Scottish city of Glasgow, just ahead of the ...
Rise in fuel prices will bring Belgian State €547 million in tax, say Workers Party
The sharp rise in fuel prices that have been felt across the continent will bring an additional €547 million to the Belgian State, the Workers' Party ...
Amid backlash, Brussels police chief promises to do better for sexual assault victims
After multiple rallies against sexual violence took place in Brussels last week, with victims offering testimony of poor treatment from police when ...
Person hit by train in Brussels
A person was hit by a train in the tunnel between Brussels North and Brussels Central at around 10:20 AM on Monday, railway network manager Infrabel ...