Huawei says its first-quarter revenue jumped 39% despite political pressure

Huawei reported a 39 percent year-on-year increase in first-quarter revenue on Monday as it continues to see growth despite continued political pressure.

Huawei said in a press release that 2019"will be a year of large-scale deployment of 5G around the world" and its carrier business"has unprecedented opportunities for growth." By the end of March, Huawei had signed 40 commercial contracts for 5G with leading global carriers. 5G refers to the fifth generation of mobile networks that promises super-fast data speeds with the ability to support new technologies like driverless cars.

The U.S. has reportedly tried to pressure other allied countries like Germany and the U.K. to block Huawei from 5G, but neither country has done so yet. Washington has accused Huawei of being a national security risk, warning that its equipment could be used by the Chinese government for espionage purposes. Huawei has repeatedly denied this claim.

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Germany reportedly won't exclude Huawei 5G technology — if it follows the rulesGermany's telecom regulator has no plans to stop Huawei from participating in its 5G infrastructure, provided the company satisfies security requirements, the FT reported. that's wishful thinking. Good luck with that. Roll out hardware with known backdoors for the next wave of really important infrastructure. Awful idea. Not surprised if Merkel is involved. She's a sell out. Just look at what she did to create the EU migrant crisis... “The E.U. is likewise a brutal trading partner with the United States, which will change. Sometimes in life you have to let people breathe before it all comes back to bite you”
Source: CNBC - 🏆 12. / 72 Read more »

Germany reportedly won't exclude Huawei 5G technology — if the company follows the rulesGermany's telecom regulator has no plans to stop Huawei from participating in its 5G infrastructure, provided the company satisfies security requirements, the FT reported. 🤣🤣🤣🤣 US Snowden credibility issue in terms of tech
Source: CNBC - 🏆 12. / 72 Read more »