Chinese telecom equipment maker Huawei Technologies expects revenue from its 4G mobile network business to double to $4 billion in 2014 compared with this year, a senior executive said on Friday.
The company also expects revenue from the overall wireless market to total $12.9 billion next year, up from $11.7 billion this year, David Wang, president of Huawei Wireless Network, told reporters in Shanghai, Reuters reported.
Earlier this month, China government awarded 4G licenses to the country’s three telecom carriers — China Mobile, China Unicom Hong Kong and China Telecom — in a move that would benefit telecom equipment makers including Huawei and ZTE.
