Shenzhen-based Huawei Technologies shot past Alcatel-Lucent and Nokia Siemens in 2009 to become the world's No. 2 telecom-equipment provider, powered by quality and product upgrades on top of its long-standing low prices. In the past year, it has won a slew of lucrative, prestigious contracts -- Huawei recently beat out rivals Ericsson and Nokia Siemens for a deal to build Norway's pioneering 4G cell-phone network, one of the world's first -- and showed continued strength in the burgeoning Indian and Chinese markets. The sum of these deals was good enough to double Huawei's global market share to 20% and boost 2009 sales 17.5% to $21.5 billion.
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total revenues for most recent fiscal year
$23.3 Billion [, 2008]
what the company is most famous for
It's the No. 2 Telecom equipment manufacturer, and a leader in LTE and WiMax.
why it's innovative
For being on the forefront of the latest mobile-phone-networks technology, meaning faster and clearer connectivity.