Telstra is set to buy into Southern Cross Cable Network through the purchase of new shares that will give the telco a 25 percent stake in the company. The telco has also agreed to purchase “substantial” capacity on Southern Cross' existing network and the NEXT subsea cable.
Shares in Japanese telecoms giant SoftBank's mobile unit traded well below its IPO price in a disappointing debut on the Tokyo stock market despite raising a record amount.
Tech giant Samsung Electronics Co Ltd has announced plans to invest $2.4 billion in new battery and capacitor plants in Tianjian, China as part of its new adjusted strategy in China after it has closed one of its smartphone manufacturing plants in the same city.
Huawei’s rotating chairman Ken Hu has pleaded with the governments of countries who have banned the Chinese telecommunications behemoth from becoming involved in the rollout of 5G networks, to produce evidence that implicates Huawei as a serious security threat.
Huawei Rotating Chairman Ken Hu held a press conference with leading global media at the company's new campus in Dongguan on Tuesday, December 18. The journalists visited R&D labs showcasing materials and thermal management technologies developed for 5G equipment, as well as an independent cybersecurity lab.
Chinese media outlets have launched a scathing attack on the United States for its role in the arrest and subsequent detainment of Huawei’s CFO in Vancouver earlier this week.
The New Zealand government has called for Google to take more responsibility over its news content after the internet search engine behemoth broke a court order that suppressed the naming of a man that has been charged with the murder of a British backpacker.
The Japanese government has announced that it will ban telecommunications equipment manufactured by Chinese vendors Huawei and ZTE amidst fears about cybersecurity.
The diplomatic relations between China and Canada have deteriorated further following the detainment of a third Canadian citizen in Beijing.
The recent arrest of telecoms giant Huawei's chief financial officer Meng Wanzhou has raised doubts over the recent trade truce agreed by US President Donald Trump and his Chinese counterpart Xi Jinping and has confirmed that Huawei has been under attack in an increasing number of countries for political reasons that Canada refused to admit.
