Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Huawei to open first flagship store outside China in Vienna

Stock Markets Feb 22, 2019 00:20
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Huawei to open first flagship store outside China in Vienna

VIENNA, Feb 21 (Reuters) - Huawei HWT.UL is to open a smartphone flagship store in Vienna, its first such outlet outside China, as part of a charm offensive in Europe where its future hangs in the balance.

The world's biggest producer of telecoms equipment is under scrutiny in the West over its relationship with the Chinese government and U.S.-led allegations of enabling state espionage, with Washington asking allies not to use Huawei's technology.

Huawei has repeatedly denied the allegations and did again at a news conference in Vienna on Thursday.

Joe Kelly, Vice President of Corporate Communications said at the news conference: "We have never been asked by any government or any authority anywhere in the world... to do anything that would compromise or jeopardise... the security of customer networks."

"If we ever are asked to do so, we will refuse," Kelly said.

Huawei has deals with all three major Austrian telecoms groups: A1 Telekom Austria TELA.VI , controlled by Mexico's America Movil AMXL.MX , Deutsche Telekom's DTEGn.DE T-Mobile Austria and Hutchison Whampoa's Drei Austria.

The company is ready to help them build 5G infrastructure for the next generation mobile networks, the CEO of Huawei's Austrian business said.

"We are more than ready to support Austria on its way to becoming a 5G pioneer with our know how and our solutions," Pan Yao said.

Austria, a laggard in the European Union for fast broadband connections, wants to become a 5G pioneer in Europe. It is among the first in the European Union to auction the licences. Results of the 3.4 to 3.8 GHz band auction, which will mainly speed up data services in densely populated areas, are expected within weeks. allegations against Huawei have led several Western countries to restrict the company's access to their markets and the European Union to consider proposals that could amount to a de facto ban. technology ministry on Thursday reaffirmed it was aiming for a European stance on whether or not to allow the Chinese firm to equip 5G networks.

"Our priority is to protect our networks," a spokesman for the technology ministry said, adding that he was not aware of concrete suspicions against Huawei.

Huawei, which says it is the second biggest smartphone seller in Austria with a market share of 28 percent, said it was considering whether to invest in research and development in the country but did not provide any details.

It plans to open its Vienna flagship store in the summer. ($1 = 0.8809 euros)

Huawei to open first flagship store outside China in Vienna
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email