The chief of the world's largest telecommunications company, Huawei, said the firm does not need the United States market  to realize its goals. Moreover, the executive claimed that the company has achieved financial growth at 19% in the first half of this year without the U.S.

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Chief Executive Guo Ping of the telecommunications giant, Huawei, reacted to the recent move of the U.S. to ban the company from bidding for U.S. government contracts on based suspicions of industrial espionage.

"It's not very important," Guo said to BBC about the ban in its first broadcast interview.

Huawei boasts of its global operations with more than 65% of its revenues coming from businesses outside of China. The company operates in more than 150 countries, supplying the networks of companies such as BT, as well as the USB dongles that power mobile internet access for Vodafone.

Revenues for the first half of the year has already reached its forecast with nearly $20bn, putting the company on track to surpassing or matching last year's total of $39.4bn.

Despite the company's success, Huawei and other Chinese companies like ZTE have been banned from entering into U.S. contracts because of concerns over espionage.

"If they're not ready, we can wait," Guo said.

Guo vehemently denied that they are involved in espionage.

Huawei's founder, Ren Zhenfei, was a soldier in China's army before he put up the company in 1987. U.S. senators and congressmen believe that the company still has links with Chinese military and possibly committing espionage activities.

Guo said that Huawei would be more than happy to serve the telecommunication needs of the U.S should the company be allowed to do so in the future.

He said that he doesn't feel any resentment at all on the accusation that the company is involved with industrial espionage activities.

"I do not have that feeling. People around the world can enjoy Huawei's products and services. If one country can't, I feel it may be a bit unfair for their consumers. But for Huawei, it's not very important."

Huawei has surpassed Ericsson to become the world's largest telecommunications equipment  firm in 2012.

It is now the 3rd biggest mobile phone producer after Samsung and Apple.

Huawei recently ranked 94th on Interbrand's list of 100 best global brands, the first Chinese name to make it on the list.

Tagsespionage, Huawei, Guo Ping, Best Global Brands