Wall Street originated in the United States is against the global financial crisis, even with the international investment bank is negotiating the sale of Huawei Terminal equity sector has not been spared. Yesterday, Huawei announced the “suspension” of the sale of the business part of the terminal equity. Although the investment opportunities for investors expressed strong interest in Huawei, but that in the current market conditions and economic uncertainty, to suspend the sale of the course is to safeguard the interests of the company’s best choice.
Huawei in the first half of this year officially launched the sale of terminal sector, attracted more than 20 international investment bank with strong interest. However, due to the global financial crisis worsening, the investment bank and Huawei are still negotiating stalemate. Huawei’s terminal business, including mobile phones, mobile broadband, fixed network terminals, video terminals, as well as integration of end-5 product line. According to the plan, the department plans to end the sale of up to 50% of the shares. Huawei’s data show that from 2006 to 2007 inter-terminal business with annual sales growth of 72%; 2007 Terminal Orders 2,600,000,000 dollars, the actual sales income of 2,200,000,000 dollars; orders are expected in 2008 will amount to 4,000,000,000 dollars, the actual sales Revenue will reach even more 3,700,000,000 dollars.
However, there are close to Huawei’s internal sources, Huawei has decided to sell the business end of the main reasons is that Huawei and its terminal operations impossible, such as Nokia’s strong end-traditional enterprises to compete effectively. Huawei will continue to observe market conditions, to sell part of stake in the business end of the project in the future may have to restart.
