Embattled Chinese telecommunication vendors Huawei and ZTE have received a welcome reprieve following the news that two Spanish operators are planning on using them for forthcoming 5G pilots.
Swedish telecommunications giant Ericsson has called for the detainment of Anil Ambani, the chairman of Indian operator Reliance Communications (RCom) for its failure to pay the vendor a settlement fee of INR5.5bn ($78.5m) of unpaid service charges.
SoftBank is scaling back plans for fresh investment in shared-office provider WeWork, slashing a multi-billion-dollar injection in the loss-making company. The Japanese tech giant is in negotiations to put just $2 billion into the US firm.
Chinese telecommunications giant ZTE may well have had draconian measures that had crippled the company lifted by the US Department of Commerce following an intervention by President Donald Trump, but the narrative that ZTE is a threat to national security is refusing to subside.
Chinese telecommunication vendors ZTE and Huawei have both endured a difficult number of years in the US marketplace – and their issues have multiplied during the Trump administration.
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.
Huawei is cooperating with the Japanese government and bolstering purchases of parts in Japan to ease concerns that its products could be used in espionage or cyber-attacks by Beijing.
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.
It has been revealed that 13 Canadians have been detained in China following the controversial arrest of Huawei CFO Meng Wanzhou on December 1st in Vancouver. Diplomatic relations between Canada and China have continued to deteriorate in the lapsed period following the very-public arrest and attempted extradition to the United States of the Huawei executive who stands accused of fraud.
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.
