CHINA TOPIX

Updated 11:29 AM EDT, Tue, Jun 16, 2020

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Huawei Invests $1.5 Billion to Build New ICT Facilities in Mexico

Huawei Investment in Mexico

(Photo : Mexico News Daily) Querétaro Gov. José Calzada Rovirosa, Economy Secretary Guajardo and Xueman of Huawei.

Chinese telecom equipment maker Huawei Technologies Co. Ltd. is investing $1.5 billion in Mexico to build new Information and Communication Technology (ICT) centers over the next five years.

Huawei plans to build four new ICT facilities located in the Innovation Technology Park in Querétaro, Mexico. Reports claim it's the largest investment to date made by a Chinese company in Mexico.

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Huawei said the investment will create more than 1,000 new jobs. The first center will open by the second half of 2015.

The new ICT facilities will serve as a Global Technical Care Center, a Regional Center for Network Operations, a Regional Innovation Center and a Regional Technical Training Center.

The Chinese firm said Mexico will now be its base for the telecommunications market in the Americas. The world eyes Mexico as a new investment center following the country's recent telecom reforms.

British Telecom Company Virgin Mobile also plans to invest over the next three years. One of the biggest smartphone makers, Samsung, is in talks to invest $100 million in Tijuana, Mexico.

The U.S recently banned Huawei from selling telecom equipment to its government departments, due to suspicions the Chinese firm is involved in cyber espionage with the Chinese government.

Huawei currently controls 40 percent of Brazil's telecommunications and networking market.

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