SHENZHEN – Chinese technology firm Huawei said on Thursday that it plans to invest $100 billion (R1,383 trln) to rebuild its network system in the next five years.

Huawei will increase its investment to achieve four goals – minimalising the network; minimalising the transaction models of network; achieving utmost cybersecurity and the privacy protection of the General Data Protection Regulation (GDPR) meeting the European standards, said Ren Zhengfei, founder and president of Huawei Technologies, at a group interview in Shenzhen.

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