Huawei Technologies Philippines Inc. on Tuesday said it is getting
out of its shell in an effort to expand its market share and gain a
slot in the top five suppliers of telecommunications equipment in the
country.
The company wants to corner 10 percent
to 15 percent or three time its current shares of the Philippine market
starting next year, Charles Liwei, Huawei country CEO, told reporters in
a briefing.
“We don’t have a big market share in the Philippines but there is a huge potential,” he said.
Part of the strategy is to expand its distribution network by setting
up its own stores outside the partnerships with Globe Telecom Inc. as
well as Philippine Long Distance Telephone Co. and its subsidiary Smart
Communications Inc. and its affiliate Digitel. “We are planning to
expand our distribution channels,” Liwei said.
According to him, the company hopes to sustain the projected revenue
growth of about 100 percent to $130 million this year from $65 million
last year until next year.
The Philippines is an
important market for Huawei due to its growing population and its
developed telco infrastructure, that the company is almost sure of
meeting its revenue target of 100 percent to $130 million from $65
million last year.
“We hope we can maintain the
growth,” he added, noting that Southeast Asia with its 10 percent to 12
revenue growth is an important region for the company. — VS, GMA News
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