China's Huawei says it has secured over 25 commercial 5G contracts

Fredrick Soto
December 21, 2018

This is in reference to the recent developments - imposition of ban or restrictions by countries such as the U.S., the UK, Japan, Germany, Australia and New Zealand, particularly on the use of Huawei's 5G telecom equipment - the common fear cited is that the Chinese government might force its companies to spy and organise cyber attacks.

Through the investment, the company will hire more people and upgrade its laboratories, after several governments expressed doubt over the safety of its products, Efe news reported citing the newspaper. The company said on Tuesday that it expects revenue to exceed $100 billion in 2018, up 8.7 percent from a year ago.

Huawei Chief Financial Officer Meng Wanzhou, the daughter of the technology company's founder, was arrested in Canada this month at the request of the Justice Department, which wants to extradite her to the U.S.to face criminal charges for alleged dealings with Iran.

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He also directly addressed recent allegations against Huawei, stating that it is best to let facts speak for themselves, while emphasizing repeatedly that the company's security record was clean.

"We have confidence in the fairness and independence of the judiciary systems of the countries involved", Hu said. Currently, multiple countries including New Zealand, Australia, and the United States have imposed bans on Huawei's equipment citing security as an issue.

The United States is pressuring partners and allies to ban Huawei products, and the European Union is also said to be investigating whether the Chinese equipment indeed poses a security threat.

One of the biggest stories of the year, and one of the major catalysts of the US/China trade war, was ZTE's brush with extinction, but Huawei thinks it's robust enough to withstand the US economic dirty-bomb.

Britain has been one of Huawei's biggest global markets.

Hu said Huawei had secured 25 contracts for rolling out 5G networks and was in the process of shipping more than 10,000 base stations.

He said governments don't have to disclose information publicly, but at least should show proof to phone companies that would be blocked from using Huawei technology.

Although Huawei has not been able to sell equipment or smartphones to the major wireless network operators in the U.S., a large number of small and regional wireless network operators do use equipment from Huawei.

While Hu acknowledges some security concerns surrounding 5G to legitimate, but the bulk of these can be resolved through collaboration with operators and governments.

Hu says cybersecurity is the number one priority for Huawei and trumps everything else. Huawei will also have the U.S. feature prominently through its own supply chain, but Hu is confident it would stand up to any potential punishment dished out by the US.

"This is help from the UK Government and we feel very appreciative about it".

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