Huawei expects 21% revenue rise despite 'unfair' treatment

Tan KW

Publish date: Sat, 29 Dec 2018, 02:26 PM

Chinese telecoms giant Huawei expects to see a 21% rise in revenue for 2018, its chairman said Dec 27 despite a year of "unfair treatment" which saw its products banned in several countries over security concerns.

Huawei would report sales revenue of US$108.5bil (RM450.8bil), up 21% year-on-year, rotating chairman Guo Ping said in a New Year message to staff.

Guo also said the firm had signed 26 commercial contracts for its 5G technology despite what he described as a year of "incredibly unfair treatment".

"Huawei has never and will never present a security threat," Guo wrote in the message titled "Fire is the Test of Gold".

"Setbacks will only makes us more courageous, and incredibly unfair treatment will drive us to become the world's number one," he added.

The company has been under fire this year, with Washington leading efforts to blacklist Huawei internationally.

A top Huawei executive was also arrested in Canada earlier this month at the request of the United States, which is engaged in a bruising trade war with China.

This month, Britain's largest mobile provider BT announced it was removing Huawei equipment from its 4G cellular network after the foreign intelligence service singled out the company as a security risk.

In November, New Zealand's intelligence agency barred Huawei equipment in the rollout of the country's 5G network on the same grounds.

Australia and the United States also enacted similar bans earlier this year, leaving Canada the only country in the "Five Eyes" intelligence network not to take steps against the Chinese firm.

Huawei founder Ren is a former People's Liberation Army engineer and there are concerns of close links with the Chinese military and government, which the firm has constantly denied.

Last week, the Chinese tech firm sought to dispel the fears around its technology by taking the unprecedented step of opening its research and development labs to media.

"Banning a particular company cannot resolve cybersecurity concerns," Huawei's rotating chairman Ken Hu told reporters.

"Huawei's record is clean."

Meanwhile, chief financial officer Meng Wanzhou, who was arrested on Dec 1, is fighting extradition to the United States where she faces charges of violating Iranian trade-related sanctions.

She has been released on bail and is now living under electronic surveillance in a luxury home in Vancouver.

Following her arrest, two Canadians were detained in China on grounds of national security in what has largely been seen as retaliation for Meng's case. – AFP Relaxnews

Discussions

Be the first to like this. Showing 1 of 1 comments

supersaiyan3

生在文明社會、讀過聖賢書的人，怎麼想都不會明白為什麼華為硬要買美國的東西再轉賣給伊朗。

晚清時期，我們讀中史都說是列強要打開中國大門賣鴉片，卻不知清廷隨意殺害外國人對文明世界造成的恐懼。

兩種文明的衝突終究會到決戰的時刻，但卻不是現在，再拖個兩三年再來一次大的，嗚呼哀哉！

2018-12-30 01:30

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