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Huawei and ZTE resilient under pressure, buoyed by handset business

Huawei is under pressure on many fronts, amid accusations of cybersecurity and sanctions violations, and US pressure on its allies to impose bans on the vendor in 5G or critical infrastructure networks. However, the Chinese firm still managed to turn in full year sales growth that was miles ahead of its rivals’. While it reported a revenue leap of 19.5%, to cross the $100bn mark for the first time, Ericsson announced an increase in 2018 sales of 1%, and ZTE – also under pressure from the USA and other governments – suffered a fall of 12.4%. ZTE’s year from hell – which included a temporary ban on buying components from US firms, a move that almost sunk the company –…

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