By Reuters
Shenzhen, 23 Apr 2014
Huawei, the world's number two telecoms equipment maker, expects investment in information technology to rise 14% in 2014, a senior executive said on Wednesday.
"Our investment focus will be in LTE (long-term evolution), 5G and cloud computing," Fan Chen, VP of accounting, told an analyst conference on Wednesday in Shenzhen, China, where the company is headquartered.
Huawei, the world's third-biggest smartphone manufacturer, booked 34% profit growth in 2013 and has targeted 2018 revenue to almost double the record reaped last year.
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