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Huawei to capitalise on African growth

Tuesday, November 13, 2012

WN.com - Business News
Latest headlines from WN Network
Huawei to capitalise on African growth
Nov 14th 2012, 06:32

Eric Ombok Nairobi HUAWEI Technologies’ revenue in southern and east Africa might climb as much as 30 percent in the next three years as growth on the continent outpaced most regions, the company said yesterday. The Chinese phone equipment manufacturer planned to capitalise on low cellular-broadband penetration rates and increasing demand for smartphones in Africa, said Li Dafeng, the president for east and southern Africa. Huawei, based in Shenzhen, would also focus on developing its enterprise business that supplied equipment to governments and companies, he said. Africa has less than five cellular-broadband subscriptions per 100 inhabitants, compared with more than 10 percent in the...

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