US-based magazine, Fast Company ranked Huawei Technologies as the fifth most innovative company across the globe with companies such as Facebook, Amazon, Apple and Google in the top 5 list.

Huawei Technologies was the only new entrant in the top 5 list.

"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… in the past year, it has won a slew of lucrative, prestigious contracts… the sum of these deals was good enough to double Huawei’s global market share,” said Fast Company.   

Commenting on this, Mr. Max Yang, CEO, Huawei India, said: “One of Huawei's key differentiators is our customer-centric innovation strategy that is focused on understanding operator needs and rapidly delivering customized network solutions to create maximum value. It is a long term investment towards continuous innovation designed around close partnerships with operators to overcome challenges and achieve business success."