ICT solutions vendor, Huawei will be focusing on New Zealand as it is one of its most important strategic markets, according to its CEO, Ren Zhengfei.
Zhengfei was speaking at a press conference in New Zealand, where he said the added investment into the country is a result of its selection to help build a 4G/LTE and the Ultra- Fast Broadband (UFB) network in New Zealand.
His trip to New Zealand follows an Australian visit, where he attended an Australian Board meeting and announced a new program to reinvest Huawei Australia’s local profits back into the local market.
Zhengfei said the company is committed to bringing value and contributing to New Zealand’s digital economy.
“New Zealand actively embraces the introduction of next generation telecoms infrastructure. This fosters the digital economy here and these investments will strengthen New Zealand’s global competitiveness and will help create future growth from across the global market,” he said.
Zhengfei claimed the booming digital economy in New Zealand in recent years will help the ICT industry globally to become more diversified, balanced and healthy.
“We hope to strengthen and enhance the win-win cooperation model with the ICT industry in New Zealand through this visit, and hope in the future to extend such models to other Huawei operations around the globe.”
He also highlighted the importance of addressing one of the key challenges that comes with broadband ubiquity both in New Zealand and globally – cyber-security.
“We need to ensure a stable network in any circumstances, especially when earthquakes, tsunamis and other emergencies occur. This is the ultimate social responsibility of the network infrastructure manufacturers,” he said.
In addition, Zhengfei announced plans to expand its staff base in New Zealand and increase its investments in the country.
Over the last three years, Huawei’s total direct investment in New Zealand was $NZ139 million. Huawei has also entered cooperation agreements with a number of New Zealand-based companies.
Huawei’s Telecom New Zealand’s 4G/LTE network is expected to go live from October.