Huawei reports 19% jump in sales, boosted by global demand

<p>Huawei’s revenues rose 19 per cent to £12.8 billion.</p>

Chinese telecom equipment maker Huawei said its revenue rose 19 per cent to 135.8 billion yuan (£12.8 billion) for the first half of the year.

The firm's sales have climbed steadily in recent years thanks to a stronger domestic demand for faster networks and growth overseas, particularly in Europe, the Middle East and Africa.

It has benefited by diversifying into fast-growing sectors including smartphone manufacturing and wearable technology such as its hybrid Talkband smart device.

Furthermore, China's investment in fourth-generation mobile network technology has led to a steady stream of revenue for the firm, the BBC reports.

Huawei's expansion continues even though its main telecom-gear business has been shut out of the US, where a congressional report in 2012 concluded that the Chinese company's equipment could pose a threat to national security. Huawei has strongly denied the allegations.

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