Huawei to go it alone in network gear, handsets

LONDON: China’s Huawei is not planning acquisitions to expand its telecom network equipment and mobile phone businesses, preferring a go it alone strategy centred on R&D firepower and building a consumer brand, the group’s co-chief executive said.

Speaking in London, Eric Xu, who now holds the rotating CEO job, also said Huawei would have no problem hitting its target for 10% revenue growth this year and next on strong demand from global telecom carriers and consumers.