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Huawei announces £3B UK procurement plan

Huawei Technologies Co. Ltd. said Feb. 5 that it will spend £3 billion on procurement in the U.K. over the next five years.

The commitment came as a result of a meeting between Huawei Chairwoman Sun Yafang and U.K. Prime Minister Theresa May, who was in China on a three-day official visit looking to strike a free trade agreement with the country.

In 2012 Huawei pledged to invest and procure £1.3 billion in the U.K. over the five years from 2013 to 2017 — it said it exceeded that target and invested £2 billion.

Huawei cultivating its British ties comes as a stark contrast to its reception in the U.S., where it failed to strike distribution deals with Verizon Communications Inc. and AT&T Inc. due to government opposition, Reuters reported.