Huawei plans for ASEAN expansion

Enterprise Innovation editors
04 Feb 2015
00:00

Kasikornbank and Huawei Southeast Asia have signed a financing agreement to help fund Huawei’s business expansion in the ASEAN region, particularly Thailand.

Huawei's Carrier Network, Enterprise, and Consumer Business groups recorded sustained growth in 2014. Revenue at Huawei’s Carrier Network business increased by approximately 15% over the previous year.

The main drivers of the growth were a steady increase in 3G investment and the jump in 4G investments across the globe.

Huawei's Enterprise Business grew by around 27%. The business now serves more than 100 of the world's top 500 companies.

Huawei's Consumer Business recorded a revenue increase of around 32% year-on-year, due to the higher sale of mid-range and high-end handsets in the rapidly growing smartphone market. The Consumer Business group enjoyed a particularly strong growth in emerging markets.

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