The Chinese telecom giant plans to ditch the vast majority of European markets to focus on its home country.
The ones that are constantly evolving Huawei They make us increasingly pessimistic. After learning that the company was going through a period of layoffs in Spain and planning to close its physical stores, we were able to learn that the global mobile market would one day be in the pipeline cease operations in most European markets.
This is reflected by the portal Politicallywhere they take care of it the telecommunications giant based in Shenzhen a process has begun Withdrawal from the European market due to pressure from the United States that eventually forced the company concentrate entirely on the market in their home country and in some foreign markets. Below would be Spain and Germany.
Huawei would continue to operate in Germany, Spain and Hungary
A company member who wished to remain anonymous said today: Huawei is no longer a company striving for globalizationbut its main purpose gets through trying to survive in the domestic market.
In July, the company founder appointed Ren Zhengfei The three challenges the company had to face in order to survive: US government hostility, disrupted by the global coronavirus pandemic and Russia’s invasion of Ukraine. In his speech, Zhengfei warned of the possibility that The company’s future wasn’t much rosier than it was then.
In recent weeks, more and more executives have left key positions in the company. Recently, Philip Herd has resigned from his position as Huawei’s communications directivo in Europe After three years in the company. Same happened with Paul Harrisonformer UK brand communications directivo.
This defeat is part of a process Restructuring on the European marketand it is what the company would have predicted to consolidate its activities on the continent into one area of operationswhose headquarters will be in the German city of Düsseldorf.
That would be Spain, Germany and maybe Hungary European regions where Huawei will continue to operate currently, among other things due to the outstanding contracts in the telecommunications division Operators such as Deutsche Telekom or Vodafone at the time of deployment of 5G networks.