Huawei opens shop in Nokia's backyard in Europe expansion
Nokia is getting a new neighbor.
Chinese telecommunications equipment vendor Huawei said today it wants to expand into Europe, and plans to build a smartphone center in Helsinki, Finland, just minutes away from Nokia's own headquarters in Espoo -- facilities that Nokia just sold off as it seeks to right its financial ship.
Huawei said in a statement e-mailed to CNET it plans to invest 70 million euros ($90.3 million) in the facility over the next five years, and will double its work force in Europe to 14,000 over the next three to five years.
Huawei's … Read more