Huawei rings up $214m revenue last year
Saturday, 12 March 2011
Jamal Uddin
Revenue of Huawei Technologies rose 18 per cent to US$ 214 million last year after the Chinese telecom-equipment provider grabbed as much as 40 per cent share in Bangladesh market, its country chief said. In 2009, the company's revenue by selling telecommunications equipment to major mobile phone operators amounted to $180 million. "Bangladesh market is important. Its demand for telecom and ICT equipment continues to grow as it strives to achieve the goal of 'Digital Bangladesh' by 2021," chief executive officer Wonder Wang said Thursday. The company began its operation in the country in 1998. Since then, it has become one of leading equipment suppliers, thanks mainly to its lower prices. Huawei captured the No. 2 market-share position worldwide behind L.M. Ericsson Telephone Co. last year, according to a report by research firm Gartner Inc. Last year, Huawei's global sale topped US$ 28 billion. Mr. Wang said Bangladesh is ready to receive next generation technology in its all sectors to keep pace with the global development. But he said that the country needed more trained people and update technology to catch the train. In an interview with the Financial Express, the Huawei boss said the country has partnered with Huawei to offer cost effective but efficient solutions to bridge the digital divide. The Chinese company has got response from different government departments for cooperation in information and communications technology sector, he noted. "We've also worked with all cellphone companies like Grameenphone, Banglalink, Robi, Citycell, Teletalk and BTCL. All took our service for their network infrastructure development," he said.
Revenue of Huawei Technologies rose 18 per cent to US$ 214 million last year after the Chinese telecom-equipment provider grabbed as much as 40 per cent share in Bangladesh market, its country chief said. In 2009, the company's revenue by selling telecommunications equipment to major mobile phone operators amounted to $180 million. "Bangladesh market is important. Its demand for telecom and ICT equipment continues to grow as it strives to achieve the goal of 'Digital Bangladesh' by 2021," chief executive officer Wonder Wang said Thursday. The company began its operation in the country in 1998. Since then, it has become one of leading equipment suppliers, thanks mainly to its lower prices. Huawei captured the No. 2 market-share position worldwide behind L.M. Ericsson Telephone Co. last year, according to a report by research firm Gartner Inc. Last year, Huawei's global sale topped US$ 28 billion. Mr. Wang said Bangladesh is ready to receive next generation technology in its all sectors to keep pace with the global development. But he said that the country needed more trained people and update technology to catch the train. In an interview with the Financial Express, the Huawei boss said the country has partnered with Huawei to offer cost effective but efficient solutions to bridge the digital divide. The Chinese company has got response from different government departments for cooperation in information and communications technology sector, he noted. "We've also worked with all cellphone companies like Grameenphone, Banglalink, Robi, Citycell, Teletalk and BTCL. All took our service for their network infrastructure development," he said.