Huawei out of ‘crisis mode’ after years of US restrictions on Chinese tech giant Revenue still flat Huawei, the Chinese technology giant, says it has emerged from “crisis mode” after years of US restrictions that have stifled its overseas sales, even though its revenue for 2022 failed to grow from a year earlier. “US restrictions are now our new normal, and we’re back to business as usual,” Eric Xu, Huawei’s current chairman, [...]
Govt gives telecom giants extended deadline to boot Huawei out booted out The government has extended the deadline for telecom giants to boot Huawei from its 5G network after concerns that it could cause major disruption. The timeframe for the likes of BT’s Openreach and Vodafone to remove Huawei equipment and services in core networks was moved 11 months from January 2023 to December. Telecoms and broadband [...]
Canada bans Chinese telecom giants Huawei and ZTE calling it the ‘right decision’ in the 5G world china 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 [...]