Telecom equipment manufacturer Huawei estimates that its business will grow by almost 29 per cent during 2009, as its peers are expecting a fall in sales.

Telecom equipment manufacturer Huawei estimates that its business will grow by almost 29 per cent during 2009, as its peers are expecting a fall in sales. Huawei has stated that the value of contract sales in 2008 was $23.3 billion and that it is expecting contract sales to reach $30 billion in 2009.