Bits and Splits -

Millions generated and thousands of jobs the Huawei UK contribution

Partners assembling for the vendor's event in London told that the firm is making a major contribution to the UK economy

As Huewai’s channel gather for the firms partner conference one of the main topics for debate will be the contribution that the firm makes to the UK economy.

The Chinese telco firm has been under siege, largely thanks to suggestions arising out of the Trump administration tararion, that the firm might be feeding information back to the Chinese government.

Not only does the firm strongly deny that accusation but it has taken steps to be as transparent as possible in recent months, inviting questions of its practices.

The firm has now shared some numbers for those wondering just what it does for the UK economy pointing out that it stimulated a £1.7bn contribution to GDP last year and its activities support 26,000 British jobs. It also paid £470m in tax in 2018.

A lot of those jobs and money is being generated in the channel and the theme of the vendor's partner conference was to focus on generating more growth in the future.

“The UK has an outstanding reputation for nurturing business growth and pioneering innovation, and we are extremely proud of our relationships with our partners in the UK. Huawei has enjoyed great success helping to build the UK’s telecoms networks, and we remain fully committed to the UK. This is one of our most important markets globally and we fully intend to help it remain a leader in new technologies," said Sir Andrew Cahn, non-executive director of Huawei UK.

With America remaining frosty towards the firm Huawei has made it clear that the UK could benefit from gaining even more investment over the next few years.

Back in 2012 the firm revealed that it intended spending £1.3bn by 2017 and it managed to exceed that by £900m. It followed that up with a commitment to invest £3bn between 2018-22.

"As part of its Industrial Strategy, the UK Government has said it wants ‘a Britain that lives on the digital frontier, with full-fibre broadband, new 5G networks and smart technologies’. We are proud of the role we have played in helping to develop the UKs digital infrastructure and we remain committed to being a strong and innovative partner to our customers," said Jerry Wang, UK CEO of Huawei.

Read more on Finance and Credit