China's Huawei says it has secured over 25 commercial 5G contracts

Reuters

Posted at Dec 18 2018 03:55 PM

A man takes pictures of an open vending machine at a Huawei promotional stall in Huaqiangbei Commercial Street, a market place for Chinese producers and international wholesale buyers, in Shenzhen, Guangdong Province, China, December 14, 2018. Picture taken December 14, 2018. Thomas Peter, Reuters

HONG KONG - Chinese technology giant Huawei Technologies said on Tuesday it has secured more than 25 commercial contracts for 5G, the largest in the world, and has shipped more than 10,000 base stations for the fifth generation of mobile communications.

Huawei expects revenue to exceed $100 billion this year, Rotating chairman Ken Hu said in a press conference at the company's headquarters in Shenzhen.

The company reported revenue of $92 billion in 2017.