Huawei procurement in the UK

Updated 2018-02-08 11:17:02

Huawei said on Tuesday it will spend a further 3 billion pounds (.2 billion) on procurement in the UK as the world's largest telecom equipment maker seeks alternatives to the U.S.

Huawei said its chairperson Sun Yafang made the pledge in a meeting last week with UK Prime Minister Theresa May during a trade mission to China that resulted in deals worth 9.3 billion pounds.

The procurement deals would include the global risk management and foreign exchange trading operations it runs out of London as well as patent licensing fees that Huawei pays out to British technology firms.

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