China's Huawei says carrier business revenue to grow to $50.3b by 2018

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 US$40 billion (S$50.3 billion) in 2018 from US$27.5 billion in 2013.

Huawei also expects carrier business revenue to grow to US$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 United States lawmakers' accusations that it is a tool of Chinese state espionage.