Huawei largest telecom equipment vendor, beats Ericsson
There’s been a sea-change at the top of the telecom equipment vendors market; Chinese manufacturer Huawei posted more sales revenue than Ericsson through Q1 and Q2 of 2012.
Huawei posted first-half sales revenue figures of CNY 102.7bn (£10.4bn), which was a 5% increase from this time last year.
In comparison, Swedish vendor Ericsson posted revenue figures of 106.3bn kronor (£9.85bn) for the first two quarters of this year.
Meng Wanzhou, Huawei chief financial officer, spoke of “moving...