Global giant Huawei expresses commitment to Sri Lanka as a regional hub for core business
Global giant Huawei has reportedly reiterated its commitment to Sri Lanka stating the country is a regional hub for innovation and core business segments delivering good growth with potential for more.
Huawei Technologies Lanka CEI Shunli Wang has told journalists that its telecom carrier business and enterprise solutions had delivered 10% and 20% growth respectively in 2018, whilst the Huawei smartphones are market leaders.
“We can grow better as Sri Lanka has great growth potential, with the Government’s commitment and enterprises zeal to embrace digitisation,” he has noted.
For Huawei, which posted global revenues US$ 102 billion in 2018, Sri Lanka is an innovation hub with quality talent, the local media has reported.
Huawei debuted MIMO (multiple input, multiple output) technology for home broadband service via wireless LANs, 3G mobile phone networks, and 4G mobile phone networks, as well as CloudAir, Huawei’s innovations in the field of radio air interfaces, a critical technology for mobile broadband networks, reports further noted.
“Following commercial success in Sri Lanka, we have rolled out MIMO and CloudAir in other parts of the world including developed markets,” Wang has been quoted as saying.
According to reports, four focus areas for Huawei in 2019 in Sri Lanka are: investment in knowledge transfer and human capital development; roll out latest technologies such as 5G, IOT, AI and Cloud to help widespread digital transformation; share and facilitate global expertise for ICT development; and offer Smart City solutions.
“All of these initiatives will create jobs, improve efficiency, reduce cost for businesses and enhance convenience to people,” Wang has further stated.
Whilst Huawei serves 70% of the population in Sri Lanka through the solutions and equipment via telecom operators, it helped Sri Lankan telecom carriers to become the first in South Asia to start commercial operations of 4G-LTE services, after introducing 3G in 2006. In 2018, Sri Lanka emerged as the first South Asian nation to demonstrate a 5th generation mobile telephony with Huawei’s technology, local media reports have added.
OSL take:
The commitment towards Sri Lanka by global giant Huawei is an indication of the level of confidence in the country’s economy. The comments by the head of Huawei Technologies Lanka that Sri Lanka has the growth potential and the government’s commitment along with the policy of adopting digitisation are indicative of the potential for foreign businesses/investors to engage with the island nation.
| Article Code : | VBS/AT/21302019/Z_5 |