Chinese telecom equipment maker Huawei has announced that it will help Pakistan Telecommunications, the largest comprehensive telecom operator in Pakistan, update its 3G commercial network.

Ren Zhengfei, president of Huawei, revealed in a new year's greeting letter to employees that the company realized sales of over USD30 billion in 2009, with sales income of USD21.5 billion.

During China Telecom's recent meeting on the placement of 3G handset orders, Xiao Chaojun, the vice president of Beijing Tianyu Communication Equipment, positioned the company's product lines into three tiers, with the aim of becoming one of the top five handset makers in the world within three years.

Global telecom operators are under enormous pressure to develop next-generation telecom technologies, such as 3G, to meet market demands, but as a result of the global financial crisis, the majority of mainstream financing agencies based in Europe and the U.S. are trying to find ways to address issues such as inadequate liquidity and the credit [...]

While some companies around the world are responding to the financial crisis with job cuts, the newly issued 3G licenses in China have caused Ericsson to plan a hiring spree of several hundred new employees in China in 2009.

Alcatel Shanghai Bell and Datang Mobile have jointly announced that the two sides signed a cooperation agreement to promote the commercial development of TD-SCDMA in China and overseas.

With a total investment of RMB2.9 billion, Huawei will set up the world's largest data processing center and 3G R&D center in Nanjing.

Ericsson signed GSM expansion framework agreements this week with China Mobile and China Unicom valued at about US$1.3 billion and US$140 million, respectively.