Huawei fifth most innovative company in the world

Shenzhen-based Huawei Technologies has been declared the fifth most innovative company in the world.

Huawei fifth most innovative company in the world

Shenzhen-based Huawei Technologies has been declared the fifth most innovative company in the world, behind Facebook, Amazon, Apple and Google.

The ranking, by US business magazine Fast Company, puts the Chinese telecoms equipment maker ahead of such notables as Intel, Cisco and IBM.

Fast Company's justification for the ranking says that Huawei past Alcatel-Lucent and Nokia Siemens in 2009 to become the world's second largest telecom-equipment provider, "powered by quality and product upgrades on top of its long-standing low prices'.

Huawei recently beat Ericsson and Nokia Siemens for a deal to build the world's first LTE mobile network, for Telia Sonera in Norway, and remains strong in the Indian and Chinese markets. These deals doubled Huawei's global market share to 20% and boosted its 2009 sales 17.5%, to $21.5 billion.

Huawei is number two in global patent filings, with 1,847 in 2009, according to the United Nations World Intellectual Property Organisation patent list. The company has 17 global R&D centres andirons more than 22 joint innovation centres with customers. In 2009, 46 per cent of Huawei’s employees were involved in R&D.

Charlie Chen, senior vice president, marketing and product management of Huawei USA, said: “One of Huawei's key differentiators is our customer-centric innovation strategy focused on understanding operator needs and rapidly delivering customised network solutions to create maximum value. It is a long-term investment towards continuous innovation designed around close partnerships with operators to overcome challenges and achieve business success.”

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