As a commercial company, Huawei sought to earn profits globally, he said. A reduced role for the US company would open the door for China, he added, naming Huawei as one contender. “Huawei has increased its R&D expenditure and owns about 10 per cent of 5G essential payments,” he wrote. Mr Hu said R&D spending would be directed at talent, technology, equipment and partnerships. The Americas – virtually all Latin America – was especially badly hit, with revenues down 11 per cent year on year.

Source: The Irish Times March 30, 2018 13:07 UTC