Huawei pumps £1.3bn into UK

Huawei, Chinese communications solutions provider, has earmarked £1.3 billion (€1.6 billion) for investment and procurement in the UK over the next five years.

In a meeting with UK Prime Minister David Cameron, Ren Zhengfei, CEO and founder of Huawei, confirmed the investment and pledged that the company’s UK workforce would reach 1,500 by 2017.

Ren pinpointed the UK as one of the most important European markets for Huawei and confirmed the company planned to invest in research and development, local procurement and centre of excellence initiatives.