Huawei to put £1.3bn into UK

CHINESE telecoms company Huawei yesterday confirmed a £1.3bn expansion in Britain that will create around 700 jobs, following talks between the company and the UK government.

David Cameron hailed the move, saying it “demonstrates once again that the UK is open for business”, while Huawei’s chief executive Ren Zhengfei said Britain is “one of the most important markets in which Huawei has invested”.

Huawei recently became the world’s biggest telecoms equipment firm but has seen global expansion blighted by fears over alleged links to the Chinese military.