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Huawei UK Investment Announcement FINAL

Huawei UK Investment Announcement FINAL

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Published by: david_hamilton8395 on Sep 11, 2012
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Huawei announces a two billion USD investment andprocurement plan for the UK 
Meeting between David Cameron and Huawei CEO and Founder, Ren Zhengfei,confirms investment. UK workforce to reach 1500 by 2017
London, UK, 11 September 2012:
Huawei, a leading global information andcommunications technology (ICT) solutions provider, today committed to investing USD1billion (GBP650 million) and to spend another USD1 billion (GBP650 million) inprocurement in the UK over the next five years. In a meeting with UK Prime MinisterDavid Cameron and Lord Green, Minister of State for Business, Ren Zhengfei, founderand CEO of Huawei
, outlined the company‟s long
-term commitment to the UK throughfurther investment in research and development, local procurement and centre of excellence initiatives.Thanks
to the UK‟s open economy and foreign investment
initiatives, Huawei alreadyemploys over 800 people in the UK and has today committed to increasing its workforceto over 1,500 by 2017. As part of this commitment Huawei will invest in a number of global centres of technical and financial excellence in the UK. Huawei works with all themajor telecommunication operators and broadband service providers in the UK, making asignificant contribution to the national broadband strategy and the fulfillment of ubiquitous, ultra-fast, fixed and mobile broadband across the UK.Prime Minister David Cameron said:
 “The investment announced by Huawei today
demonstrates once again that the UK is open for business. I welcome this and I want tosee more companies invest in the UK as we work to achieve sustainable and balancedgrowth within our economy. The British Government values the important relationshipwith China, both countries have much to offer each other and the business environmentwe are creating in the UK allows us to maximis
e this potential.” 

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