“The UK has an outstanding reputation for nurturing business growth and pioneering innovation, and we are extremely proud of our relationships with our partners in the UK,” he said.

“Huawei has enjoyed great success helping to build the UK’s telecoms networks and we remain fully committed to the UK.

“This is one of our most important markets globally and we fully intend to help it remain a leader in new technologies.”

The firm’s UK chief executive, Jerry Wang, added the company still hoped to be a part of 5G networks in the future.

“Today’s findings prove Huawei’s value and contribution to the UK economy,” he said.

“As part of its Industrial Strategy, the UK Government has said it wants ‘a Britain that lives on the digital frontier, with full-fibre broadband, new 5G networks and smart technologies’.