HUAWEI EYES DEALS WORTH $30BN

Xu Wenwei, Huawei's chief marketing officer, told the Financial Times that the company was targeting deals worth $30bn this year, having secured contracts worth $23bn in 2008.

His comments suggest that Huawei is confident of growing at the expense of some of its rivals, which include Ericsson, Alcatel-Lucent and Nokia Siemens Networks.

Alcatel-Lucent and Nokia Siemens Networks are predicting that the telecoms equipment market will decline this year in revenue terms because fixed line and mobile operators will cut their capital spending in the economic downturn.

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