Nokia bags 5G SA contract in Uzbekistan

Huawei reported net profit more than doubled in its 2023 financial year to CNY87 billion (US$13.4 billion) as it saw revenue growth across its multiple arms.

Data from Dell’Oro Group showed Huawei was the leading telecom equipment vendor by revenue in 2023, but the overall market had contracted 5% year-on-year, snapping five years of consecutive growth. 

Huawei President of Data Storage Product Line, Peter Zhou (pictured), urged the telecoms industry to utilise efficient data infrastructure to effectively leverage AI to bolster their operations.