Energy News  
INTERNET SPACE
China's Huawei to sell stake in undersea-cable unit
by Staff Writers
Shanghai (AFP) June 3, 2019

Huawei will sell its majority share in a submarine cable unit, the stake's buyer announced Monday, amid a US-led drive to isolate the Chinese telecom giant from global information networks over spying fears.

US President Donald Trump has attacked Huawei in recent months, urging allies to boycott its products and blacklisting the Chinese firm from buying some US software.

Undersea cables are vital to global internet traffic.

The 51 percent stake in Huawei Marine Networks will be bought by Hengtong Optic-Electric, an optical-cable manufacturer based in eastern China's Jiangsu province, according to a filing with the Shanghai Stock Exchange.

Huawei Marine Networks is a joint venture between Huawei and UK-based undersea cable firm Global Marine Systems.

Huawei Marine claims on its website to be involved in around 90 projects, from the Pacific to the Atlantic, totalling more than 50,000 kilometres (30,000 miles) of undersea cables.

Washington suspects that Huawei, which was founded by former People's Liberation Army (PLA) engineer Ren Zhengfei, has ties to China's military and thus poses a security threat.

The Trump administration warns that Huawei networks carrying data around the could be accessed and manipulated by Beijing using security backdoors built into the company's equipment.

Huawei has repeatedly denied any connection to China's government or that it poses any security threat.

Reached by AFP, a Huawei spokesperson said the company had no immediate comment on the status of Huawei Marine.

Hengtong Optic-Electric's stock exchange filing said the company was purchasing the stake from Huawei Technologies Co, Huawei's corporate parent.

Founded by Ren in 1987, Huawei has risen to become the world leader in telecom networking equipment and one of the top smartphone manufacturers alongside Samsung and Apple.

But the US Commerce Department last month placed Huawei and dozens of affiliates on an "entity list" on grounds of national security, a move that curbs its access to US-made components it needs, though a 90-day reprieve was later issued.

A number of countries have also blocked Huawei from working on their mobile networks and companies have stepped away from the firm following the US ban, citing legal requirements.


Related Links
Satellite-based Internet technologies


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


INTERNET SPACE
Canada panel slams Zuckerberg, Sandberg for hearing no-show
Ottawa (AFP) May 28, 2019
A panel of politicians from Canada and several other nations criticized Facebook's Mark Zuckerberg and Sheryl Sandberg for ignoring subpoenas Tuesday to appear at a hearing on protecting privacy and democracies online. The panel also adopted a motion to serve the pair with a formal summons to appear before the Canadian parliament's ethics committee should they ever travel to Canada. "Together, we represent over 402 million citizens," said Bob Zimmer, chair of Canada's privacy and ethics committe ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

INTERNET SPACE
Fuels out of thin air: New path to capturing and upgrading CO2

Where there's waste there's fertilizer

When biodegradable plastic isn't

Electrode's 'hot edges' convert CO2 gas into fuels and chemicals

INTERNET SPACE
Renewables doesn't equal zero-carbon energy, and the difference is growing

Quantum rebar: Quantum dots enhance stability of solar-harvesting perovskite crystals

New York state winters could pose solar farm 'ramping' snag for power grid

Researchers gain key insight into solar material's soaring efficiency

INTERNET SPACE
Can sound protect eagles from wind turbine collisions?

UK hits historic coal-free landmark

BayWa r.e. sells its first Australian wind farms to Epic Energy

The complicated future of offshore wind power in the US

INTERNET SPACE
New York takes aim at skyscrapers' sky-high energy usage

Florida air conditioning pioneer first dismissed as a crank

World nations failing the poorest on energy goals: study

'Step-change' in energy investment needed to meet climate goals: IEA

INTERNET SPACE
Wearable cooling and heating patch could serve as personal thermostat and save energy

Scientists revisit the cold case of cold fusion

Machine learning speeds modeling of experiments aimed at capturing fusion energy on Earth

New surface treatment could improve refrigeration efficiency

INTERNET SPACE
Malaysia to ship back hundreds of tonnes of plastic waste

Four bodies and ten tonnes of rubbish collected from Everest

Mother, daughter sue France over ill health from air pollution

Plastic polluter: Brazil recycles 'almost nothing'

INTERNET SPACE
Major step forward in the production of 'green' hydrogen

US-UAE defense agreement comes into force

Fiery new Papua New Guinea PM questions vast Exxon, Total gas deal

ExxonMobil staff to return to work in Iraq: ministry

INTERNET SPACE
Europe to Mars and back

NASA's Mars 2020 Mission Drops in on Death Valley

Strange Martian mineral deposit likely sourced from volcanic explosions

NASA Closer to Discovering What Lies Beneath the Surface of Airless Planetary Bodies









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.