Recently, Bangladeshi telecom operator TeleTalk and Huawei jointly announced that they will use the latter's 5G equipment to build a 5G network, which is another order won by Huawei in overseas markets, which is a blessing for Huawei.
Huawei has been fighting for more than 20 years to become the world's largest communication equipment manufacturer in the 4G era, entering the 5G era, it has achieved the most 5G patents, and is trying to do a big job, when striving for more market share in overseas markets, but since 2019, due to well-known reasons, it has suffered setbacks in overseas markets, and huawei's 5G contract orders have stayed at 91 released at the beginning of last year.
However, in the past two years, China has built a large-scale 5G network, the total number of 5G base stations built by the three major operators is nearly 1.2 million, accounting for 70% of the global 5G base station number, relying on Huawei's technical advantages and localization advantages, Huawei occupies half of the domestic 5G equipment market share, Huawei is still in the position of the global communication equipment manufacturer, Huawei occupies more than 30% of the 5G equipment market, Ericsson occupies more than 20%, Nokia occupies more than 10%.
However, as the construction of China's 5G network is gradually coming to an end, the expansion of overseas markets has become an important consideration for Huawei. Earlier analysis agencies gave data pointed out that outside of China, Ericsson occupies more than 30% of the market share, Nokia occupies more than 20%, Huawei and Samsung account for about 15% of the market share, as the construction of 5G networks in overseas markets gradually enters a climax, competing for overseas markets has become Huawei's top priority.
The European market is Huawei's largest overseas market, but due to well-known reasons, it is facing no small difficulties in the European market, it is not discouraged and does not give up, under its efforts, Hungary earlier designated Vodafone to use Huawei's 5G equipment to build an east-west gate station multi-connected 5G smart railway port, so that Huawei opened a gap in the European market.
Huawei has focused on the overseas market in Central Asia, the Middle East and other regions, in central Asia, the president of Turkmenistan has signed an order to adopt Huawei's 5G equipment, in the Middle East it has laid a certain foundation in the 4G era, is expected to win a lot of market share in the 5G era in the region.
Now Huawei in Bangladesh in south Asia to win orders, for it is undoubtedly a huge encouragement, Bangladesh's population reached 160 million, larger than any country in Europe, industry insiders pointed out that as Bangladesh adopts Huawei's 5G equipment, South Asia's neighboring countries may also adopt Huawei's 5G equipment.
In addition, Africa is also the key market for Huawei's expansion, the total population of Africa is nearly 1.3 billion, this market can be described as a virgin land, has not yet fully transitioned to 4G, Huawei relies on its technical advantages and cost advantages to help the region upgrade to 5G in one step, and many countries in Africa have friendly cooperation with China, And China strongly supports many African countries to carry out infrastructure construction, which is of great benefit to Huawei.
Huawei is also expanding into other industries, in addition to continuing to maintain communication equipment and mobile phone business, it recently established five major legions, into a number of industries, and at this time it won the Saudi Arabian energy storage project, the energy storage scale reached 1300MWh, which will be the world's largest energy storage project so far, will bring huge revenue to Huawei, just established the energy corps to win this big order can be described as a surprise.
From Huawei's past development, we can see that it can always seize opportunities at key moments, and now its communication equipment business is still stable, and it has achieved results in new business expansion, and it can be believed that it will inevitably overcome the current difficulties and achieve the return of the king one day in the future.