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China tech

Huawei says telecom business to resume double-digit growth in 2019

China's tech giant faces headwinds as global market forecast to hit 2.8bn 5G users by 2025

Huawei predicts healthy growth this year in Europe and other regions outside of the U.S.   © Reuters

SHENZHEN -- China's Huawei Technologies said on Tuesday that its telecom equipment business will return to double-digit growth in 2019 on healthy demand in almost all regions except the U.S.

"We've seen an overall optimism and acceleration in the industry regarding 5G deployment since the second half of last year," Ken Hu, Huawei's rotating chairman, told analysts and reporters during the company's annual analyst summit. "We expect our carrier business to achieve double-digit growth this year."

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