Huawei has announced its business results for the first quarter of 2019. In Q1 of this year, Huawei generated CNY179.7 billion in revenue, an increase of 39% year-on-year. The company's net profit margin in Q1 2019 was about 8%, slightly higher than the same period last year. 

Read more: Huawei revenues soar as Q1 financial results are disclosed

Dutch telecommunications operator KPN has formally announced that it has penned an agreement with Huawei to build its 5G Radio Network. However, it has also been disclosed that it will only select a Western vendor for its 5G core and Huawei will not be considered for that role.

Read more: Dutch operator signs 5G agreement with Huawei

At the Huawei Global Analyst Summit 2019, Huawei and Wi-Fi Alliance (WFA) held a media roundtable meeting with the theme of "Wi-Fi 6, Unlocking Business Value." At the media roundtable, Huawei announced AirEngine as its new Wi-Fi brand, which will be applied to its full series of enterprise-class Wi-Fi 6 products.

Read more: Huawei announces launch of its Wi-Fi 6 products in five major regions globally

Huawei's SingleRAN Pro solution offers an open, simplified networking concept to help operators roll out commercial 5G networks with speed and prosper. This is according to Peter Zhou, Chief Marketing Officer (CMO) for Huawei Wireless Solution, who has highlighted the impact of this new solution at the Huawei Global Analyst Summit (HAS).

Read more: Huawei’s new solution will help operators rollout 5G networks at speed

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