Canada bans Chinese telecom giants Huawei and ZTE calling it the ‘right decision’ in the 5G world May 20, 2022 Canada is set to ban two of China's biggest telecoms equipment makers, Huawei and ZTE, from working on its 5G phone networks, following the lead of the UK and US.
Huawei employee shareholders rewarded with £7.3bn in dividends April 5, 2022 Huawei’s employee shareholders have been rewarded with 61.404 billion yuan (£7.3bn) worth of dividends, according to a regulatory filing. The Chinese technology heavyweight has not disclosed dividend distribution, but some 131,500 current and former workers are involved with the scheme. It comes as Huawei swallows its first revenue dip on record, with the figures slipping [...]
US sanctions and 5G slowdown sparks Huawei revenue dip March 28, 2022 Chinese tech firm Huawei recorded its first yearly revenue drop on record in 2021 as sanctions chip away at the company's growth.
Government opens consultation into Huawei switch-off following six month Covid delay February 20, 2022 The government have launched a consultation with telecoms firms on controlling the use of Huawei in the UK following the announcement this week that it had delayed the removal by six months due to Covid. Ministers had originally planned to cut the share of Huawei equipment to 35 per cent of the full fibre and [...]
MI6 chief thanks China for ‘free publicity’ after leaked ‘James Pond’ spoof mocks western intelligence January 6, 2022 The head of MI6 makes an unprecedented response to China’s state news agency after it released a James Bond spoof mocking western intelligence.
Ericsson snaps up cloud-based group Vonage for record £4.6bn November 22, 2021 Ericsson has paid $6.2bn in cash for cloud-based services group Vonage in its biggest acquisition yet.
‘You’re free to go’: Huawei CFO Meng Wanzhou reaches shock deal with US September 25, 2021 Meng Wanzhou, Huawei’s chief financial officer and the daughter of the company’s founder, Ren Zhengfei, has resolved criminal charges against her as part of a shock deal with the US Justice Department that paves the way for her to return to China. The agreement with Wanzhou calls for the Justice Department to dismiss fraud charges [...]
China court rejects Canadian citizen’s death sentence appeal August 10, 2021 A Chinese court has upheld today a death sentence against Canadian citizen Robert Schellenberg for drug smuggling. Schellenberg has been detained in China since 2014 after he was accused of drug smuggling. In December 2018, he was sentenced to 15 years in jail and he appealed for a retrial. But the Dalian intermediate people’s court [...]
Huawei revenues collapse nearly a third as it peddles against US sanctions August 6, 2021 Chinese telecoms giant Huawei Technologies has watched its revenue collapse by almost a third so far this year, as it peddles against the waters of US sanctions. Revenue hit $49.5bn in the six months to June, down 29 per cent, the group reported today. With its handset business struck by US sanctions, the UK’s decision [...]
Huawei profit slumps as UK ban hammers sales June 13, 2021 The UK’s decision to blacklist Huawei has hammered sales and profit at the controversial Chinese tech giant, new figures have shown. Accounts for Huawei Technologies, the company’s UK subsidiary, reveal revenue slumped 27.5 per cent to £913.3m in 2020. Pre-tax profit fell from £48m to £36.5m. The government last year banned Huawei from building the [...]