Huawei is selling off its controlling stake in an undersea-cable venture, as the U.S. presses its campaign against the Chinese tech giant
BEIJING—China’s Huawei Technologies Co. plans to sell its majority stake in an undersea-cable venture, in a move that follows a U.S. pressure campaign against Huawei and efforts to block the cable venture’s projects.
Hengtong Optic-Electric Co., one of China’s biggest makers of electric power and optical-fiber networks, said in a filing with the Shanghai Stock Exchange on Monday that it signed a letter of intent Friday to buy the 51% stake in Huawei Marine Systems Co. via cash and share issuance.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Huawei to sell undersea cable businessHengtong Optic-Electric said in the filing to the Shanghai Stock Exchange that it signed a letter of intent with Huawei to buy the stake via cash and share issuance.
Read more »
China's Huawei to sell undersea cable business, buyer's exchange filing showsChina's Huawei to sell undersea telecommunications cable business, buyer's exchange filing shows by SijiaJ
Read more »
Exclusive: Huawei reviewing FedEx relationship, says packages 'diverted'Chinese telecoms equipment maker Huawei is reviewing its relationship with FedEx...
Read more »
Trade Fight, Curbs on Huawei Threaten 5G Growth in U.S.The Trump administration’s offensives aimed at frustrating the 5G ambitions of China and mobile-technology giant Huawei threaten to impede America’s wireless ambitions, too.
Read more »
Huawei calls on Washington to 'halt illegal action' against the companyThe embattled Chinese tech firm Huawei said that it wants Washington to 'halt illegal action' against it, calling US restrictions on Huawei an attempt to put it out of business
Read more »
Huawei asks court to deem US security law unconstitutionalSHENZHEN, China (AP) — Chinese tech giant Huawei filed a motion in U.S. court Wednesday challenging the constitutionality of a law that limits its sales of telecom equipment, the latest action in...
Read more »
Huawei Seeks Quick Overturn of Law Restricting Its U.S. BusinessHuawei asked a judge to quickly rule in its favor in its legal challenge to overturn a law that restricts its business in the U.S., saying American officials haven’t provided evidence that it poses a security threat.
Read more »
Should You Still Buy A Huawei Phone?Huawei’s smartphones are among the most popular handsets available today. However, given that Huawei is enthralled in security controversies and Donald Trump’s executive order, should you still consider a Huawei phone?
Read more »
Huawei holds on to No. 2 smartphone spot in first quarter: reportChinese telecom company Huawei held on to its spot as the world's second bi...
Read more »
Huawei founder says he would oppose Chinese retaliation against Apple: Bloomberg(Reuters) - Huawei Technologies' founder and Chief Executive Ren Zhengfei told Bloomberg https://bloom.bg/2HT7DUY that retaliation by Beijing against Apple Inc was unlikely and that he would oppose any ...
Read more »