Huawei garners 5G strength with global order

Yang Chaobin, president of Huawei's 5G products, said the latest figures marked a jump from Huawei's earlier announcement of 50 contracts in September. Among the total contracts, 32 are from Europe, 11 from the Middle East, 10 from Asia-Pacific, seven from the Americas and one from Africa.

Hu Houkun, rotating chairman of Huawei, said telecom carriers have launched 40 commercial 5G networks in more than 20 countries and regions, with 136 5G devices available in the world.

"We expect that there will be more than 60 5G commercial networks by the end of this year," Hu said.