Huawei announces £3bn commitment to UK
Written by Mark Evans
Huawei Technologies has announced a major new commitment to the UK with a promise of procurement over the next five years of £3billion.
Huawei, which is a key investor in Europe, has announced that the company will procure a total of £3billion in the UK over the next five years, helping UK companies to increase exports to China.
This new commitment builds on the pledge made by Huawei in 2012 to invest and procure £1.3billion in the UK over the five years from 2013-17. Huawei announced today that this target was significantly exceeded, and Huawei has invested and procured £2billion in that period. The company now employs more than 1,500 people in the UK in 15 offices, including its head office in Green Park, Reading.
Madam Sun Yafang, Huawei Group, chairwoman said: “Huawei values long-term partnership. The UK was one of the first international markets we entered, when we opened our first office there in 2001. We have now been working with our major customers in the UK for more than twelve years, helping to build a better connected UK. Over the coming years we look forward to continuing to collaborate with our customers and partners to help keep the UK at the very forefront of the digital age.”
Huawei has worked with both BT Group and Vodafone Group for over 12 years, and these customer partnerships are central to the company’s success in the UK. Huawei has two joint innovation centres in the UK, one in Ipswich with BT, and one in Newbury with Vodafone. Huawei plans to continue making a significant contribution by exploring vital future technologies, including 5G, alongside its customers at these centres in the years ahead.