Huawei Technologies, the world’s largest telecommunications equipment vendor, has said that more than half of the contracts it has signed so far to supply next-generation 5G gear is with European operators, reported the South China Morning Post.
Huawei has secured 50 5G commercial contracts globally, of which 28 of them are signed in Europe, Chen Lifang, president of Huawei’s public affairs and communications department, said in Brussels on Thursday.
Huawei’s major competitors in network development, Finland’s Nokia and Sweden’s Ericsson, had secured 43 contracts and 22 contracts as of the end June, respectively. Huawei’s crosstown rival, ZTE Corp, has publicly announced 25 commercial deals.
The Chinese tech giant earned RMB 204.5 billion ($29.8 billion) from Europe, the Middle East and Africa – its biggest overseas market region – in 2018, according to its annual report. That accounted for about 28.4% of its total revenue and more than the combined contribution from the Americas and Asia-Pacific excluding China regions.