Finally, it looks like Chinese tech giant, Huawei finally may finally have something to cheer them on in a while. In what seemed to be one of the major highlights of China’s President Xi Jinping’s state visit to Russia, Huawei has announced that it has reached an agreement to develop the first 5G network in Russia.
The Shenzhen-based tech firm signed the deal with MTS, which is the largest carrier network in Russia. The agreement came into place as a result of the ongoing three-day summit between the Russian and Chinese government in Moscow. Huawei will work with the Russian telecom giant to build the next-gen mobile Internet network across the country.
Representing their respective companies, Guo Ping and Alexei Kornya inked the deal between Huawei and MTS in the presence of their respective countries’ Presidents.
Not all bad for Huawei after all
For Huawei, this deal couldn’t have come at a better time as it serves as some sort of huge relief at a time when it’s at the frontline in an escalating row between the US and China.
Huawei, which is currently among the blacklisted firms in the US, seeks to make a statement with this deal. As the intense international scrutiny of the Chinese firm continues, this new deal can help put away the unwanted attention.
Step in the right direction for both countries and companies?
While giving his remark after the deal, MTS boss Kornya described the opportunity as perfectly timed for the tech company. He said the agreement would create room for adding momentum to Huawei’s ambition of developing robust 5G cellular network worldwide.
On the other hand, Huawei chairman Guo Ping disclosed the company’s readiness for the task at hand. Expatiating further, Guo pointed out that Huawei has over 16000 5G-related patents that will make the rollout a smooth sail.
The two companies have set aside 2019 and 2020 for the installation and rollout of the 5G cellular network technologies.