Sunday, 22 September 2019

Tag Archives: ZTE

Europe’s 5G to cost $62 billion more if Chinese vendors banned

PARIS: A ban on buying telecoms equipment from Chinese firms would add about 55 billion euros (£48.7 billion) to the cost of 5G networks in Europe and delay the technology by about 18 months, according to an industry analysis seen by Reuters. The United States added Huawei Technologies, the world’s ...

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US lawmakers introduce bill to help US companies remove Huawei equipment

WASHINGTON: According to the new bill, the US Administration will help poorer US companies rid themselves of Chinese equipment which allegedly poses a threat to US national security. A bipartisan group of US lawmakers introduced legislation which aims to help US companies replace Chinese telecom equipment if such equipment is deemed a ...

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ZTE Corp shares surge 14 percent, forecasts Q1 rebound

HONG KONG: Shares of ZTE Corp rose as much as 14 percent after the company forecast a first quarter profit of up to 1.2 billion yuan ($178.18 million) as it recovers from U.S. sanctions. The Chinese telecommunications equipment maker said in filings late on Wednesday it expected to make a ...

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New Zealand blocks Huawei, in blow to Chinese telecom giant

NEW YORK TIMES: New Zealand has blocked Huawei from supplying technology for a next-generation mobile data network in the country, joining the United States and other developed countries that see the Chinese telecommunications equipment maker as a security threat. New Zealand’s intelligence agency rejected a proposal from Spark, one of ...

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US lifts ban on suppliers selling to China’s ZTE

REUTERS: The U.S. Department of Commerce lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. The Commerce Department removed the ban shortly after ZTE deposited US$400 million in a U.S. bank escrow account as part of a settlement reached ...

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ZTE has few cards left to play to avoid ‘death penalty’

NEW YORK: It’s not every day you see a company that employs 75,000 and once had a market cap of $20 billion facing instant doom on an hour-by-hour basis. But that’s the situation that Chinese telecom firm ZTE finds itself in right now. Following revelations that the company sold equipment ...

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ZTE ends ‘major operations’ after US export ban

NEW YORK/BEIJING: ZTE, one of China’s leading technology companies, has announced it will end “major operations,” after the U.S. government barred American firms from doing business with the telecom equipment maker. The announcement by the fourth-largest wireless equipment maker in the country comes amid an escalating trade battle between the ...

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UK Spy Agency Claims China’s ZTE “Poses Risk to UK Security”

LONDON: UK government agency The National Cyber Security Centre (NCSC) told the country’s telecommunications providers ZTE equipment presented a national security risk, which would be “impossible” to manage if the vendor’s equipment was deployed at scale, Financial Times reported. In a letter to operators, NCSC technical director Ian Levy cited ...

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