Tuesday, June 20, 2006

Huawei Cites Fast Sales Growth in Asia-Pac

Huawei Technologies expects contract sales in Asia Pacific to grow by 55% to hit US$2 billion in 2006. Specifically, Sales in Asia, excluding China, Japan South Korea, Taiwan and Hong Kong, are expected to jump to more than US$2 billion this year from $1.29 billion in 2005 as it continues to focus on further deepening its relationship with existing and potential key customers in the region.

Huawei has been steadily expanding its operations outside of China since 1996 and has a presence in 13 countries across Asia Pacific, with its products deployed in over 20 countries in the region.

In 2005, the company's global international sales hit US$4.8 billion, which exceeded domestic sales for the first time, accounting for 57% of its total contract sales of US$8.2 billion. This trend is expected to continue as part of Huawei's internationalization strategy and Asia Pacific remains one of the most important markets as Huawei expands globally.

Huawei sees Next Generation Networks (NGNx) for both fixed and wireless carriers as a key growth strategy for Asia Pacific. The company has made significant traction in this area as evidenced by its contract wins with the likes of TT&T in Thailand, TM & TIME in Malaysia, PTCL & TELIPS in Pakistan and JTB in Brunei. Huawei also won four 3G contracts in Asia Pacific, including B-Mobile in Brunei, Celecom in Malaysia, NTS in Indonesia and Econet in New Zealand.