Telecom
Huawei Named among Top 100 Best Global Brands
Interbrand, the world’s leading brand consultancy, recently released its 2015 Best Global Brands report. Following its debut on the 2014 list as the first mainland Chinese brand, Huawei appears on the 2015 list again.
According to Interbrand, “Huawei is once again a highlight in the 2015 Best Global Brands report released by Interbrand. Its brand value, approximated at 5 billion US dollars, increased by 15 percent compared to a year ago. In Interbrand’s annual report, it is also one of the fastest rising brands in the technology sector, climbing from #94 to #88 in ranking.
“Huawei’s significant progress is not a result of luck. Everything has stemmed from the belief that customers always come first, and the persistence in providing value-driven products and services.
“Through their brand campaign, Huawei outlines ‘a better connected world’ and clearly illustrates how innovative ICT products, services and solutions not only break the boundaries of time and space to create smoother connections, but also enable the transformative evolution of enterprises and industries to drive progress in the world.”
As Huawei’s 2014 Annual Report indicates, the company maintained robust growth in all business segments.
In 2014, it recorded US$46.5 billion in annual revenue, a YoY increase of 20.6%.
Net profits reached US$4.5 billion, a YoY increase of 32.7%.
Thanks to its robust growth worldwide and continuous innovation in products and services, Huawei’s brand has grown steadily both in value and influence.
“Staying customer-centric and creating value for customers form the foundation of Huawei’s brand,” said Kevin Zhang, Huawei’s Corporate Marketing President. “We aim to achieve US$100 billion in annual revenue in five years. Any company that lacks ambition cannot go far.”
Over the past two decades, Huawei has connected one-third of the world’s population, with its information networks covering more than 170 countries and regions.
In order to utilize transformative trends in the future, Huawei is increasing investment in innovative technologies, such as cloud computing, Big Data, 5G, SDN, and NFV.
By pushing the limits of technology, Huawei is well positioned to seize opportunities in the digital era. It strives to provide full connectivity between people, between people and things, and between things.
It will also continue to deliver innovative products to individual users, businesses, and organizations.
As indicated by Interbrand’s professional evaluation in the 2015 Best Global Brands report, Huawei has progressed well over the past year in all its three major business segments – carrier, enterprise, and consumer.
Its strong R&D capacity, forward-looking strategic plan, and open innovation have contributed greatly to its brand responsiveness, relevance, and presence.
The company has maintained steady growth in the carrier market.
This can be attributed to three factors: continued investment in 4G networks in China; investment in network capacity expansion driven by global data traffic growth; and ICT investment driven by carriers’ digital transformation.
In the enterprise market, Huawei’s innovative products and solutions have laid a solid foundation for the company’s competitiveness, and are widely acknowledged by customers.
As a result, Huawei is accelerating its growth in the enterprise market.
This growth momentum is further fueled by the widespread adoption of Huawei’s flagship products and solutions (e.g. cloud computing, storage, and agile networks) in both domestic and overseas sectors, such as smart cities, finance, education, and ISP.
In the consumer market, Huawei’s quality products with superior user experience have enabled the company to become the brand of choice.
So far, Huawei has secured a strong footing in the mid-range and high-end device market. Its high-end smartphones – especially Mate7, Mate S, and P8 – and Honor smartphones have made solid progress.
These developments have allowed Huawei to enjoy quality and sustainable growth in the consumer business.
Amid a wave of ICT convergence, interdependency and co-existence are essential for different industries, products, services, and brands.
Close collaboration is required to build a more prosperous ICT industry.
Huawei on its part has expressed commitment to creating an open ecosystem.
Open partnership has allowed the company to complement its capabilities and exchange energy with the rest of the world.
With an open mindset, Huawei has collaborated closely with its partners in areas such as cloud computing, SDN, NFV, and 5G, aiming to jointly drive industry development.
At Huawei Cloud Congress 2015, Huawei announced its cloud ecosystem strategy, which focuses on IT infrastructure, software platforms, and enterprise cloud services.
The company is dedicated to building a more robust cloud ecosystem with its partners, including infrastructure providers, application developers, channel partners, integrators, and independent software vendors.
At the 1st Huawei Developers Congress (October 19–20, 2015), over 2,000 developers gathered to explore how to leverage Huawei’s open ICT capabilities to build a stronger ecosystem that benefits all.
The need for Nigeria to think outside the box in its need to drive towards global relevance with innovations and scientific developments will be on the front burner at the NITRA Innovative & Scientific Conference scheduled to hold on Thursday July 23, 2026 in Ikeja, Lagos.
NITRA
The Nigerian Communications Commission (NCC) will lead other delegates to discuss and take far-reaching decisions at the event, which has its theme as “Bridging Nigeria’s Digital Divide With Scientific Innovation”.
Other companies that have indicated interest in partnering with NITRA include mobile communications company, Tecno; Africa’s premier end-to-end AI solutions company, Hyperspace; and telecommunications data infrastructure company, Digital Realty.
Speaking on the proposed event, the Chairman, Nigeria Information Technology Reporters Association (NITRA), Chike Onwuegbuchi noted that the event will seek to create a platform for government and private organisations to deliberate on policies around scientific innovations in Nigeria, challenges, place of indigenous and foreign collaboration, roles of each stakeholder, and grassroots development in that regard, among others.
According to him: “The Federal government, with series of programmes and partnerships, has established the urgent need to create an ecosystem that thrives on scientific innovation, breeding institutions and individuals with a target of placing the country at the fore-front of Next-Gen development.
It is a known fact that digital and scientific innovations are crucial, not only to the survivability of a nation, but also to the sustainability of its growth and development, with significant effect on economic strength, global image, defense and security, government capabilities to function, and public health and safety, communication and digital footprint, among others.
The federal government is actively driving scientific innovation to foster economic diversification and build a $1 trillion economy by 2030. Efforts are heavily focused on commercializing research, establishing massive research funds, and funding strategic infrastructure, particularly in technology, biotechnology, and healthcare. Core government initiatives and policies include the newly instituted National Research and Innovation Development Fund (NRIDF), which aims to mobilize about $500 million annually to support research and the commercialization of scientific outputs; and the Nigeria Genomic City, a multi-ministerial initiative aimed at transforming Nigeria into a leading hub for genomics, precision medicine, and biotechnology. It is designed to protect indigenous data, stimulate artificial intelligence in health, and develop a highly skilled scientific workforce.
According to the General Secretary of NITRA, Mr. Chidiebere Nwankwo, the forum will also be a vehicle to propagating the views of decision makers to the public, thereby furthering the cause of public awareness and information dissemination on the topic.
The focus, he said will be on how Nigeria can sustain digital innovative growth and scientific development in Nigeria
The board of global payments company, PayPal, says a 53 billion dollars takeover offer from financial technology firm, Stripe, and private equity company, Advent International, does not adequately reflect the company’s long-term value.
PayPal
According to reports, the proposed acquisition, valued at 60.50 dollars per share, remains under consideration, with the board yet to formally respond to the offer.
The directors are said to be evaluating not only the financial value of the proposal but also the structure of the financing, the timeline for completing the transaction and the likelihood of obtaining regulatory approvals.
They are also considering the possibility of competing bids emerging.
Although the offer represents a premium of about 28 per cent above PayPal’s recent share price, the board believes the company could deliver greater value to shareholders if its ongoing turnaround strategy succeeds.
Following reports of the bid, PayPal shares gained about two per cent to close at 56.73 dollars.
Sources familiar with the discussions said Stripe and Advent have secured approximately 50 billion dollars in debt financing from JPMorgan and Morgan Stanley, while both firms would jointly contribute 17 billion dollars in equity.
Under the proposal, the two companies would jointly own PayPal instead of dividing its operations.
PayPal, Stripe, Advent International, JPMorgan and Morgan Stanley have all declined to comment on the proposed transaction.
The discussions come as PayPal seeks to strengthen its business after years of increasing competition from rivals including Apple Pay, Google Pay and emerging financial technology firms.
The company, which was valued at about 360 billion dollars in 2021, now has a market capitalisation of approximately 36 billion dollars.
Since assuming office as Chief Executive Officer in March 2026, Enrique Lores has embarked on a restructuring programme aimed at improving operational efficiency and restoring growth.
The restructuring includes the creation of three business divisions comprising Checkout, Venmo and Consumer Financial Services, and Payments and Crypto.
The company is also targeting 1.5 billion dollars in cost savings through the deployment of artificial intelligence technologies.
PayPal’s latest financial results indicated signs of recovery, with first-quarter revenue rising seven per cent year-on-year to 8.35 billion dollars, while total payment volume increased by eight per cent to 464 billion dollars.
If approved, the transaction would combine two of the world’s largest digital payments companies.
The combined business would process an estimated 3.7 trillion dollars in annual payment volume, significantly strengthening its position in the global online payments market.
However, analysts expect the proposed acquisition to face intense regulatory scrutiny because of the companies’ combined market share in merchant payment services.
To address possible antitrust concerns, the bidders have reportedly considered options, including separating PayPal’s Braintree business or other assets if required by regulators.
Sources said Stripe and Advent remain interested in pursuing the acquisition despite the board’s reservations, although negotiations are expected to continue.
Market observers are also awaiting PayPal’s earnings report scheduled for July 28 for further indications of the company’s financial recovery and future growth prospects.
Concerns over network reliability and its impact on Nigeria’s growing creator economy took centre stage at MTN Nigeria’s Data on Trial event, where content creator and streamer, Jarvis, challenged telecommunications operators to improve connectivity for digital creators.
Speaking during the event, Jarvis asked whether there were locations in Nigeria where uninterrupted internet connectivity could support real-life (IRL) streaming without network disruptions.
“Are there places where there is no breakage when streaming IRL?” she asked.
Her question highlighted the challenges faced by content creators who depend on stable internet services for live streaming, content uploads and real-time engagement with audiences.
Responding, MTN Nigeria’s Chief Technical Officer, Mr Yahaya Ibrahim, said network performance depends on several factors, including location, network coverage, device capability and the number of users connected to a particular base station.
He noted that operators continue to invest in expanding network capacity to meet the growing demand for data services.
Earlier, MTN’s General Manager, Network Performance and Quality Assurance, Mr Michael Ndukwe, explained the evolution of mobile network technology in Nigeria, from first-generation (1G) services to the current fifth-generation (5G) technology.
According to him, each phase of technological advancement has significantly increased network capacity and enabled new digital services.
Ndukwe cited Nigerian Communications Commission (NCC) data showing that Nigerians consumed about 13.2 million terabytes of data in 2025.
He added that data usage reached approximately 4.06 million terabytes in the first quarter of 2026, reflecting the country’s increasing reliance on digital platforms and online services.
According to him, the growth is being driven by wider adoption of 4G and 5G networks, increased smartphone penetration, the proliferation of smart devices and expanding use of social media platforms.
Participants at the event noted that as more Nigerians build businesses and careers around digital content, access to reliable and high-speed internet has become critical to sustaining the country’s digital economy and creator ecosystem.
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