Asthe only global equipmentsupplierwith its fixednetwork, mobile network anddatacommunicationIPtechnologiesranking top 3 in theworld, Huaweiprovidesservice to 36of world top50operators.
Coming in second on the ranking of listed up-and-coming companies was Longmaster Information and Technology, a supplier of online telephony applications.
But Associated Newspapers, which also publishes the Mail on Sunday and Evening Standard, said the report's ranking was "utterly meaningless" as it was based on the activities of just one supplier.