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UK: Huawei plans to invest $2 billion to expand operations.

WorldWide Tech & Science. Francisco De Jesùs.

UK: Huawei plans to invest $2 billion to expand operations.

Founder and chief executive Ren Zhengfei outlined Huawei's plan on Tuesday, when he also met Prime Minister David Cameron.
"The UK is an open market, which welcomes overseas investment. I am, therefore, very pleased today to be announcing the $2 billion investment and procurement plan, promoting the development of openness and free trade," Ren said.
Cameron, who has been targeting overseas investment to help kick-start economic growth, said: "I want to see more companies invest in the UK as we work to achieve sustainable and balanced growth within our economy.
"The British government values the important relationship with China, both countries have much to offer each other and the business environment we are creating in the UK allows us to maximize this potential."
The Huawei group said it worked with all the major telecom operators and broadband service providers in Britain, where plans for the first superfast mobile broadband service were also unveiled on Tuesday.
Three Huawei products - a smartphone, a mobile wifi hub, and a mobile broadband dongle - were included in the line-up of launch devices for the new network from operator EE.

Chinese group Huawei Technologies,is the world's second-largest telecoms equipment maker.


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