Ren Zhengfei: Huawei Increases Investment In Russia, Optimistic About Growth Prospects

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Jun 22, 2012, 09:10 ET

ST. PETERSBURG, Russia, June 22, 2012 /PRNewswire-Asia/ -- Huawei Founder and CEO, Mr. Ren Zhengfei, today spoke at the St. Petersburg International Economic Forum to outline Huawei's commitment to enrich life through communications and to address the issue of cyber security challenges within the information and communications technology (ICT) industry. Mr. Ren also discussed Huawei's optimism about Russia's growth and development prospects and the company's plans to deepen its roots in Russia through increased investment.

"The key to the future development of the electronic information industry lies in cyberspace technology. Cyberspace is a new strategic domain unlike physical territory. What makes the two domains different is that competition in cyberspace is not characterized by occupying territories and forming closed positions, but by being openly accessible," said Mr. Ren. "We must utilize information to benefit mankind and adopt a positive attitude towards data floods -- not merely look at the ills or complexities that they create."

Huawei projects that network traffic will grow by 75 times in the next 10 years, while mobile broadband traffic will grow by more than 2,000 times. Key to the development of the telecoms industry is the creation of data pipes that are wide enough to manage huge amounts of data. Mr. Ren compared data floods to the water of the Volga River and said: "What we can do is to build data pipes that have a diameter wider than the Volga River, even wider than the Pacific Ocean, to make communication and data transmission smooth. Data, by nature, tends to be open. What we can do is to leverage the full potential of data. As data flooding increases far faster than prevention technology develops, the whole industry faces information security challenges. Cyber security is a common issue that the whole industry has to face. We must join hands to proactively address this issue."

As one of Huawei's first international markets, and since entering Russia 15 years ago, the company has become a local corporate citizen and remains confident in the country's growth and development. Mr. Ren believes that Russia is poised to experience another golden age as the country possesses the talents and resources necessary to advance its ICT industry. "We should cherish this opportunity and increase our investments in Russia to meet the demands of Russia's national strategy for developing its electronic information industry," said Mr. Ren.

Huawei is committed to building a harmonious business environment and localized operations to support the advancement of Russia's ICT industry and increase its competitiveness. Through system integrations, localized manufacturing and research and development, Huawei has established an integrated industrial chain in Russia and trained a large number of local talents. "Huawei will continue to take root in the soil of this beautiful country and contribute to the information industry in Russia through localized operations and increased investments," Mr. Ren concluded.

To download the full transcript of Mr. Ren's speech, please visit: http://www.prnasia.com/sa/attachment/2012/06/20120622195102756598. Ren SPIEF Speech Transcript.pdf

About Huawei

Huawei is a leading global information and communications technology (ICT) solutions provider. Through our dedication to customer-centric innovation and strong partnerships, we have established end-to-end advantages in telecom networks, devices and cloud computing. We are committed to creating maximum value for telecom operators, enterprises and consumers by providing competitive solutions and services. Our products and solutions have been deployed in over 140 countries, serving more than one-third of the world's population. For more information, visit Huawei online: www.huawei.com.

Huawei started its business in Russia in 1997 with establishing office in Moscow. Presently the offices of the company operate in 11 cities of the country, as well as in Ukraine, Belarus and Armenia. The total number of the company employees in the Russia amounts to about 1300 people, 80% of which are local personnel.

About St. Petersburg International Economic Forum (SPIEF)

SPIEF 2012 will be of particular interest to global business, government, and media leaders who are concerned with Russian political and economic affairs, with the Forum coming shortly after the newly elected Presidential administration takes office. SPIEF 2012 will provide a unique opportunity to engage with the incoming government as the country takes steps to reinforce its reform agenda in the post-election period.

Learn more about SPIEF, please visit: http://2012.forumspb.com/

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SOURCE Huawei