The Telecommunication Systems business saw growth both in revenue and operating gains due to an increase in LTE (Long TermEvolution) wireless broadband technology equipment.
On a brighter note, sales of LongTermEvolution (LTE) wireless broadband technology equipment continued gains while revenue from overseas sales of notebook PCs improved.
Investors also like news it would supply sample chips supporting LongTermEvolution (LTE), a wireless technology being adopted by wireless providers around the world.
Analysts say Huawei is now one of the leading vendors globally of equipment for LongTermEvolution, or LTE, a wireless standard that allows higher traffic speeds than older networks.
Under the LTE in Rural America program, Verizon Wireless sought rural carriers to jumpstart the delivery of fourth-generation LongTermEvolution (LTE) services to rural communities throughout the United States.