Huawei to restructure traditional network gear business after surging smartphones sales take the spotlight

Huawei Technologies plans to reform its traditional network equipment business after its consumer products group became the biggest contributor to record sales last year, part of an ambitious goal of tripling total group revenue within five years.The world’s No 1 telecoms equipment provider will focus on reforming its carrier business unit this year because that business segment has “first and foremost” been under attack by the US, Huawei founder and chief executive Ren Zhengfei said in an…

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