INSUBCONTINENT EXCLUSIVE:
Image copyrightGetty ImagesChinese telecoms giant Huawei said revenues topped $100bn in 2018 despite a US-led campaign against the business
on fears it poses a security threat
The firm said revenue for 2018 hit 721.2bn yuan ($107bn), while net profit jumped 25% to 59.3bn yuan
The US and others have restricted the company over concerns that its ties to Beijing represent a security threat.Huawei says it is
independent and strongly denies its products pose a security risk
The Shenzhen-based firm said global revenue surged 19.5% in 2018, its fastest pace of growth in two years
The result was supported by strong sales of smartphones in China
At the same time its carrier business, which sells telecoms infrastructure to countries around the world, eased 1.3%
Huawei is the world's largest maker of telecoms equipment
It faces a growing backlash from Western countries on concerns over the security of its products used in next-generation 5G mobile networks
The US, Australia and New Zealand have all blocked local firms from using Huawei to provide the technology for their 5G networks
Several European telecoms operators are considering removing Huawei equipment from their networks, and a report by UK cyber authorities out
this week strongly criticised the tech firm
The report, issued by the National Cyber Security Centre, said it can provide "only limited assurance that the long-term security risks can
be managed in the Huawei equipment currently deployed in the UK".Huawei has begun pushing back
It has launched a more aggressive strategy in recent months to counter what it sees as an American "smear" campaign.Earlier this month, it
filed a lawsuit against the US government over a ban that restricts federal agencies from using its products, arguing it is
