Following the outbreak and continued spreading of the novel corona virus, Ericsson has closely monitored the development and adhered to recommendations from relevant national authorities and international bodies, such as the WHO. The company has already taken a number of precautionary measures to ensure the health and safety of employees and to minimize the impact on the company’s operations.
Ericsson published its Q4 financial results which highlighted that the Swedish telecom vendor did not experience much growth.
Chinese telecom giant Huawei has said it would set up manufacturing hubs in Europe, as it tries to fight off US pressure on EU nations to stop it from operating.
The founder and chief executive of Chinese telecoms giant Huawei has said he is ready for the United States to escalate a "campaign" against the firm this year but insisted it would not have a significant effect on business.
Brand Finance, a leading brand valuation and strategy consultancy headquartered in UK, has named Huawei one of the top 10 most valuable brands for the first time ever. In the recently published Brand Finance Global 500 2020 report, Huawei is the third Chinese company on the list with a brand value of US$ 65.084 billion, up 4.5 per cent year-on-year.
Huawei has closed a deal with Dutch navigation and digital mapping company TomTom for the use of its maps and services in smartphone apps, according to a Reuters report.
The UK has finally approved a limited role for Chinese telecoms giant Huawei in the country's 5G network, but underscored that "high risk vendors" would be excluded from "sensitive" core infrastructure.
Huawei has been ranked fifth on the recently released 2019 EU Industrial R&D Investment Scoreboard as one of the biggest investors in research and development worldwide.
Despite opposition from the United States, Britain is to yet to decide on a potential role for China's Huawei in developing its 5G telecoms network. However, reports say this will be in a limited capacity after heavy US obstruction on security grounds.
Huawei Consumer Business Group (CBG) announced that it has shipped 6.9 million units of 5G smartphones as of December 2019, in addition to offering end-to-end 5G solutions. The strong sales reflect Huawei’s relentless commitment to 5G R&D and reinforce Huawei’s leadership in 5G technology.
