Huawei sees double-digit growth, denies spying allegations

04/8/2013 | Wall Street Journal, The · Bloomberg Businessweek

Huawei Technologies issued a bullish statement today, predicting its 2013 global revenues will grow by 10% even though it remains shut out of the U.S. market and the global economy remains shaky. The Chinese telecom equipment firm -- the world's second-largest -- also said it expects annually compounded revenues to increase by 10% over each of the next five years. The company again tried to allay national security concerns that have kept the company out of the U.S. market: "There has never been any incident of our product threatening cybersecurity or network security," Deputy Chairman Guo Ping said.

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Wall Street Journal, The · Bloomberg Businessweek

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