Chinese technology company Huawei, which has received a controversial reputation during recent years, has registered a private limited company in Estonia, Huawei Technology Eesti, to continue supplying the consumer electronics and telecommunication devices via local entrepreneurship.
The private limited company, whose share capital stands at €300,000 and which employs 15 people, is taking over the activity of Huawei in Estonia.
Head of the Huawei Technologies Eesti, Chang Bin, said: "We are planning to grow all of the business segments of Huawei, which we can do best as an Estonian company bearing in mind the longterm expectations of the shareholders."
The company, which has been led by neighboring countries for 12 years, will get a fresh push due to the predicted development of the Estonian market, he added.
"Together with Estonia's universities and engineers, Huawei is planning to contribute to info technology and society," Chang Bin said. "We are offering Estonia's IT students new experiences with the 'Seeds of Future' program, allowing them to study at the headquarters of Huawei in Shenzhen and in the science center in Beijing."
The Chinese Huawei Technologies manufactures telecommunication devices, consumer electronics and smartphones. Its 5G network has proved controversial due to security concerns.
Editor: Roberta Vaino