Home / / Huawei to invest $800 million in R&D for 5G in 2018

Huawei to invest $800 million in R&D for 5G in 2018

Company to launch 20 new products at MWC 2018

Huawei to invest $800 million in R&D for 5G in 2018
Huawei aims to increase the number of NB-IoT connections to over 100 million around the world.

In 2018, Huawei will invest CNY5 billion ($800 million) in R&D for 5G, and launch a full range of commercial 5G equipment, including wireless access networks, bearer networks, core networks, and devices. 

In addition, Huawei aims to increase the number of NB-IoT connections to over 100 million around the world. The technology giant will launch over 20 new products and showcase the results of its cooperation with over 300 partners at the upcoming MWC 2018.  

Huawei recently held a pre-MWC 2018 briefing in London, during which the company called on all industries to work together and go beyond traditional boundaries in the areas of capabilities, connections, business, experience, and partnerships for a fully-connected, intelligent world. 

The vendor forecast that by 2025, 180 ZB of data will be generated around the world every year, a 20-fold increase compared with today. "Such new data will become a huge 'data oilfield', serving as an inexhaustible source of intelligence and value." 

Ryan Ding, executive director of the Board and President of Huawei Carrier BG, said: "Before entering the intelligent world, we are still faced with many challenges. To achieve sustainable business growth, we need to keep moving beyond existing constraints and boundaries, first internally and then externally."

The briefing further focused on how carriers should innovate across areas like IoT, video, and cloud strategy to generate new sources of revenues. In 2017, over 100 carriers around the world made video their basic service, with this number expected to increase to 150 in 2018.

During the MWC, under the theme of "ROADS to a Better Future", Huawei will showcase its latest products and solutions and, together with partners, provide demonstrations in multiple scenarios.

Source: Arabian Business

Follow us to get the most comprehensive IT business news delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.