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

Published 2018-12-18, 04:02 a/m
© Reuters.  China's Huawei says it has secured over 25 commercial 5G contracts

HONG KONG, Dec 18 (Reuters) - Chinese technology giant Huawei Technologies HWT.UL said on Tuesday it has secured more than 25 commercial contracts for 5G, the largest in the world, and has shipped more than 10,000 base stations for the fifth generation of mobile communications.

Rotating chairman Ken Hu, speaking at a press conference at the company's campus in Dongguan in southern China, also said Huawei expects revenue to exceed $100 billion this year.

The company reported revenue of $92 billion in 2017.

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