Huawei maintained steady growth in 2010

The global telecom solutions provider experienced sales earnings of US$28.35 billion and net profit margin of 12.3 per cent in 2010.

The company significantly expanded in overseas market last year, and as well continued development in its three core business divisions -- Telecom Networks, Global Services, and Devices.

Huawei successfully deployed more than 80 SingleRAN networks for operators by the end of 2010. Out of these 80 networks, 28 LTE (Long Term Evolution, latest standard in the mobile network technology) networks were commercially launched or ready to be launched.

Looking forward it is set to furthermore develop this offering, which provides network infrastructure, fixed and wireless communication, data centre, and cloud computing solutions for global industry and enterprise clients.

"Operators continue to choose Huawei for our in a class by itself ability to transform their needs into customised, innovative, and flexible solutions that create maximum value for their business," said Ken Hu, deputy chairman of Huawei Technologies. "As part of Huawei's future growth strategy, we leveraged our deep experience in the telecoms industry to expand into new areas, including the enterprise and device businesses, and will continue to capitalise on opportunities provided by the industry's digital transformation to support our global business in 2011."