Chinese telecommunications equipment vendor Huawei Technologies has witnessed a rise of 24.4% in revenue for the third quarter of the calendar year, pulling in 610.8 billion yuan (US$85.6 billion), with a net profit margin of 8.7%.

Australia is not going to back down on its decision to ban Chinese telecommunications equipment vendor Huawei Technologies from participating in the rollout of 5G networks – not until the US does so itself and gives Australia permission to do a backflip.

Chinese telecommunications equipment provider Huawei Technologies says it will suffer a drop of US$25 billion in projected revenue over the next two years, compared to its earlier forecasts, due to the American Government's actions against it.