Huawei posts 21 per cent increase in revenue to $109bn for 2018

Huawei, despite  “malicious incidents”  from US the UK, Australia, New Zealand and Japan who raised security concerns about supplier, has posted  21 per cent increase in revenues to $109bn for 2018.

Guo Ping, Huawei’s current rotating Chairman said the Chinese telecoms equipment maker had secured 26 5G contracts this year said  ” We must not be discouraged by malicious incidents or temporary setbacks and must remain determined to achieve global leadership. 5G markets that choose to not work with Huawei will be like an NBA game without star players”.

Donald Trump is considering an executive order that would stop companies using equipment made by Huawei and rival ZTE. Gavin Williamson, the UK defence secretary said this week ” I have grave, very deep concerns about Huawei providing the 5G network in Britain,

Meng Wanzhou, CFO and daughter of Ren Zhengfei, the company’s founder, was arrested in Vancouver this month on allegations that Huawei has sold US-made equipment to Iran, breaching sanctions and she is facing extradition to the US.