Telecommunications equipment firm Huawei Technologies announced that it expects full-year contract sales worldwide to reach $11 billion by end of 2006.
In the first half of 2006, Huawei recorded contract sales of $5.2 billion, an increase of 29 per cent compared to the same period last year.
The China-based company signed an agreement with Saudi Telecom Company (STC) in July for deployment of a third generation (3G) mobile telephone network in the Dammam region of Saudi Arabia
Value of contract sales from international markets reached $3.4 billion, an increase of 36 per cent over the same period in 2005.
In 2003, Huawei partnered with etisalat to build third generation (3G) networks and the company has tendered a bid to du to implement a platform capable of transmitting video and other multimedia over fixed line telephones.
"Huawei can help operators to realise the full potential of their network assets and fulfill their Fixed-Mobile Convergence (FMC) vision," said Dr Xu Zhijun, Huawei's Executive vice-president and chief marketing officer.
The company signed an agreement with STC in July to deploy a 3G network in the kingdom. Huawei also works with Telefonica, Vodafone and British Telecom.
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