Huawei says IT investment to rise 14% in 2014
(Agencies) Updated: 2014-04-23 15:06
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A general view shows the headquarters of Huawei Technologies Co Ltd in Shenzhen, Guangdong province June 29, 2009.[Photo/Agencies] |
SHENZHEN - Huawei Technologies Co Ltd, the world's No 2 telecoms equipment maker, expects investment in information technology to rise 14 percent in 2014, a senior executive said on Wednesday.
"Our investment focus will be in LTE (Long-Term Evolution), 5G and cloud computing," Fan Chen, vice president of accounting, told an analyst conference on Wednesday in Shenzhen, where the company is headquartered.
Huawei, the world's third-biggest smartphone manufacturer, booked 34 percent profit growth in 2013 and has targeted 2018 revenue to almost double the record reaped last year.
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