GUANGZHOU -- Huawei Technologies plans to spend $3.1 billion over three years in Italy, as the Chinese telecommunications group looks to solidify its presence in the key European market while it deals with the U.S. pressure campaign.
Thomas Miao, chief executive at Huawei's Italian unit, said Monday in Milan that the investment would add 1,000 jobs in the country through 2021, according to Reuters and other outlets. The company will spend $1.9 billion on procurement and another $1.2 billion primarily on sales promotion.
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