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Huawei Technologies


Huawei Technologies' footprint expansion into the United States came to a naught when the U.S. government thwarted its attempt to buy a stake in American network security equipment maker 3Com.

The US$2.2 billion acquisition, originally expected to be finialized in the first quarter of 2008, was first announced in 2007 with private equity firm Bain Capital as the major owner and Huawei taking a minority stake.

The Chinese telecoms equipment maker was also rumored to be spinning off its mobile phone, notebook, wireless data-card and home router businesses. In May, South China Morning Post reported that telecommunications giants AT&T and Vodafone were looking to buy a 50 percent stake in Huawei's handset division.

Founded in 1988, Huawei is headquartered in Shenzhen, China.

Huawei ranks among ZDNet Asia's Top 10 fastest-growing companies for 2008/2009.

This company is listed in Networking & Communications, Internet.



Financials
Fiscal year-end December FY08 FY07 FY06 FY05 FY04
Global revenue (US$millions) — 12,560.4 8,503.9 5,981.5 3,827.0
Global full-year net income (US$millions) — 673.5 512.4 683.9 624.0
Average year-on-year revenue growth over 4 years 48.72%
Average year-on-year net income growth over 4 years 5.32%
Percentage of revenue from Asia —

Operations
Founded 1988 China
First Asian office 1988 China
Global employees 83,001
Global employees in Asia —
Asian economies: Total 10 China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand, Vietnam

* Data correct as of October 2008. Information was compiled by ZDNet Asia from sources such as official reports, corporate Web sites and financial news sites. ZDNet Asia strived to get the latest information but does not guarantee the correctness or completeness of the data. The information provided on this site is for general informational purposes only and is not an offer to buy or sell any securities.

ZDNet Asia Top Tech categories
Systems  |   Networking and communications  |   Storage management  |   Security  |   Software infrastructure  |  
Services  |   Business applications  |   Internet services  |  


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Top Tech Index 2005/2006