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Wireless

Huawei told to drop 3Leaf acquisition in US

Tuesday 15 February 2011 | 09:16 CET | News
A US foreign investment panel has decided Huawei Technologies should divest itself of a small company the Chinese telecom-equipment maker bought in May. Huawei said it was told by the Committee on Foreign Investment in the United States that it must divest the company or the committee will make a recommendation to the US president that the deal be unraveled. Huawei has decided to take its chances with the president, who doesn't have to act on the recommendation, Bill Plummer, vice president for government affairs for Huawei USA, told the Wall Street Journal. He said the company was willing to

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Categories: Mobile & Wireless
Companies: Huawei China
Countries: United States
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