Chinese IT/telecom equipment giant Huawei has reportedly reached out to i-banks about a possible...

|By:, SA News Editor

Chinese IT/telecom equipment giant Huawei has reportedly reached out to i-banks about a possible IPO. Any offering would be a huge deal, given Huawei posted a 2011 profit of $1.85B on revenue of $32.4B, and is still growing at a healthy clip. Huawei, frequently scrutinized over its Chinese military ties, reportedly wants to be more transparent and boost its odds of winning foreign contracts it has been locked out of. The company is already a major headache for the likes of Cisco, Ericsson, and Alcatel-Lucent.