April 24, 2014 / 2:46 AM / 4 years ago

China's Huawei says carrier business revenue to grow to $40 bln by 2018 from $27.5 bln in 2013

HONG KONG, April 24 (Reuters) - Huawei Technologies Co Ltd , the world’s No.2 telecoms equipment maker, said on Thursday its carrier business revenue will grow to $40 billion in 2018 from $27.5 billion in 2013,

Huawei also expects carrier business revenue to grow to $30 billion this year, Ken Wang, Huawei’s president of marketing for carrier business said in a statement on Thursday.

The company’s executive vice president Eric Xu said on Wednesday that Huawei’s business growth will not be negatively affected by U.S. lawmakers’ accusations that it is a tool of Chinese state espionage.

Reporting By Yimou Lee; Editing by Michael Perry

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