CANADA > China’s Huawei to invest $212Mn in Canada with Ontario Government as partner in “5G Ontario” project

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China based networking and telecommunications equipment and services Company-Huawei is set to invest $212 million in partnership with the Government of Ontario on “5G Ontario” Project. The government of Ontario will be investing $16 million on the project.

The investment by Huawei is supposed to create 250 new jobs for R&D in the province. Based on Huawei’s press release, the plan of the company is to invest up to $303 million in new 5G-related research initiatives in Ontario over the next five years.

 

About Huawei

Huawei Technologies is a Chinese multinational networking and telecommunications equipment and services company headquartered in Shenzhen, Guangdong. It is the largest telecommunications equipment manufacturer in the world, having overtaken Ericsson in 2012.

Huawei was founded in 1987 by Ren Zhengfei, a former engineer in the People’s Liberation Army.

 

Source: – Huawei’s Press Release