Huawei to invest £370m in 5G

Press Association

A technology giant has announced plans to plough at least £370 million into developing a new superfast mobile network allowing one-second film downloads.

Chinese smartphone maker Huawei, which also develops gear that underpins UK mobile and broadband networks, said it will invest a minimum of 600 million US dollars worldwide in fifth-generation (5G) technology by 2018.