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Broadband

Hengtong eyes full ownership of Huawei Marine Networks

Monday 27 January 2020 | 10:32 CET | News
H2C, now known as Ligado Networks and chaired by LightSquared founder Philip Falcone, has the option to sell its remaining stake to Hengtong, LightReading reported. The daily noted that Huawei head Ren Zhengfei said the venture was not core to Huawei's business, denying the sale happened because of the US ban on doing business with the Chinese company. 

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Categories: Fixed
Companies: Global Marine Systems / Huawei / Huawei Marine Networks / LightSquared
Countries: World
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