(Yicai Global) Aug. 6 -- China's Huawei Technologies is looking to invest CNY2.5 billion (USD360.4 million) in the next five years to become a pioneer in the emerging fifth-generation fixed networks sector to offer faster enterprise internet connections.

The telecoms giant released Starlight Series T863E, the sector's first industrial F5G optical network terminal, yesterday to serve mining, energy, manufacturing, as well as oil and gas companies.

F5G will create a sector worth hundreds of billions of yuan while benefiting the fields of transportation, education, manufacturing, finance, energy, as well as government affairs, the Shenzhen-based company predicted. Chinese carriers have already started promoting all-optical networking and industrial parks have been built around it.

With the Starlight Series T863E debut Huawei has expanded its offering in the industrial sector, said Jin Yuzhi, president of Huawei's transmission and access product line.

Huawei has served more than 3,800 clients in nearly 160 countries and regions with its all-optical network solutions.

Editor: Emmi Laine