Huawei expects revenues of US$4 billion from LTE in 2014

Huawei expects that revenues from its 4G sales will double in 2014 to at least US$4 billion, David Wang, president of Huawei Wireless Network, told reporters in Shanghai.

This year the company expects to have sold around US$2 billion worth of LTE based network equipment.

Huawei had signed 241 LTE deployment contracts in total up to the end of last month and says that it has deployments in nearly half of the 244 commercially launched LTE networks worldwide.

The company claims 110 deployments, compared to 100 from Ericsson, making it the largest winner of LTE contracts by contract volume. Financial volume was not compared.