China's Huawei books quickest profit growth in four years on smartphone demand

SHENZHEN/BEIJING (Reuters) - China's Huawei Technologies Ltd, the world's No.2 telecommunications equipment maker, reported its fastest profit growth in four years as expansion in enterprise and consumer revenue far exceeded growth in its network building division. Shenzhen-based Huawei is now looking for revenue from Chinese mobile phone operators switching to fourth-generation networks to cushion the impact of a slowdown in network spending abroad.

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