Huawei sees delays to 5G in Europe as its first quarter revenues flatline

Chinese telecom company ‘Huawei’ witnesses a halt in their growth graph in the first-quarter earnings due to the COVID-19 pandemic

According to reports published by the Shenzhen-based firm on Tuesday, 182 billion yuan ($25.7 billion) is the revenue for the first quarter. The revenue increased by 1.4% only. This is a huge fall compared to 39% growth reports in January to March time period last year.

This is the second time the company has revealed its first-quarter revenue.

Huawei further reported a possible delay in rolling out the 5G networks in the European market. 

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