BEIJING (Reuters) - Chinese telecommmunications equipment maker Huawei plans to create 5,500 jobs in Europe within five years as the company expands its services in the region, state-owned newspaper China Daily said on Saturday.
Huawei, the world's second-largest maker of telecoms communication equipment, is to offer information technology solutions to European businesses, Mr Patrick Zhang, president of marketing and solutions at Huawei Enterprise Business Group, told the newspaper.
This business is expected to generate turnover of US$1 billion (S$1.25 billion) in the next three to five years, he added.
The company is launching its expansion despite the European Commission's allegations of anti-competitive behaviour by Huawei and Chinese peer ZTE .
Mr Zhang said Europe offered more growth potential than the United States, where a congressional report last year found the company posed a security threat and essentially blocked it from the market.
"Our expansion progress in Europe is different from that in the US, where we have encountered access difficulties due to some groundless reasons given by the American side," Mr Zhang said.
Huawei representatives said last week that the company expected to have its revenues expand by 10 per cent annually over the next five years, thanks largely to consumer devices and enterprise services.
Huawei reported revenues of US$35 billion in 2012.