Date
20 October 2017

Huawei tops Ericsson as No 1 telco gear supplier, paper says

Huawei Technologies Co. Ltd. overtook Sweden’s Ericsson last year as the world’s largest telecommunications equipment supplier by revenue, the Shenzhen Economic Daily reported Friday, citing annual reports from the two companies. Ericsson posted US$35. 3 billion in revenue for 2013, up 5 percent year on year, while Huawei’s revenue came in at between US$39.3 billion and US$39.6 billion last year. In 2012, Huawei lagged Ericsson by less than US$500 million in sales, the report said.

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