Money: Huawei is selling off its undersea cable business - - PressFrom - Australia
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MoneyHuawei is selling off its undersea cable business

16:32  03 june  2019
16:32  03 june  2019 Source:   theverge.com

Huawei may not even be able to put microSD card slots in future smartphones

Huawei may not even be able to put microSD card slots in future smartphones While this wouldn't bother Apple, an Android smartphone without an microSD card slot would be pretty disadvantaged. 

Now, Huawei is officially bowing out of one line of business , by agreeing to sell off its undersea cable operations, and reportedly shrinking another, by reducing smartphone production orders with supplier Foxconn.

Now, Huawei is officially bowing out of one line of business , by agreeing to sell off its undersea cable operations, and Huawei Marine Systems, in which Huawei holds a 51 percent stake, lays undersea fiber optic cables between continents in much the same way that Microsoft, Facebook, and

Huawei is selling off its undersea cable business© Photo by Kevin Frayer/Getty Images

China’s Huawei has had to battle suspicions and worries about the security of its networking equipment for many years, which most recently culminated in it being placed on a US blacklist by the Trump administration. Now, Huawei is officially bowing out of one line of business, by agreeing to sell off its undersea cable operations, and reportedly shrinking another, by reducing smartphone production orders with supplier Foxconn.

Huawei Marine Systems, in which Huawei holds a 51 percent stake, lays undersea fiber optic cables between continents in much the same way that Microsoft, Facebook, and Google have been doing. It was established in 2009 and has laid more than 50,000km of cable across 90 projects, according to its website. In recent times, however, the toxicity of Huawei’s reputation as an alleged Chinese spying facilitator has made it increasingly difficult for Huawei Marine Systems to win contracts, as the FT reports. That reports cites Fergus Hanson from the International Cyber Policy Centre at the Australian Strategic Policy Institute, who says “It’s becoming a more difficult environment when trying to negotiate deals to build cables because [Huawei] is so much in the spotlight.”

Telecoms giant EE launches Britain's first 5G services

Telecoms giant EE launches Britain's first 5G services British mobile phone operator EE on Thursday became the first in the country to launch a high-speed 5G service, but without smartphones from controversial Chinese technology giant Huawei. EE, which is a division of British telecoms giant BT, has launched 5G in six major cities comprising Belfast, Birmingham, Cardiff, Edinburgh, London and Manchester -- and more hubs will follow. "From today, the UK will be able to discover 5G for the first time thanks to EE," it announced in a statement, after an official launch featuring a performance from chart-topping grime act Stormzy on a boat on London's River Thames.

Now, Huawei is officially bowing out of one line of business , by agreeing to sell off its undersea cable operations, and Huawei Marine Systems, in which Huawei holds a 51 percent stake, lays undersea fiber optic cables between continents in much the same way that Microsoft, Facebook, and

Huawei Technologies Co Ltd plans to sell its undersea telecom cable business , showed a buyer's filing on Monday, in its first major asset sale In March, The Wall Street Journal cited U.S. security officials as saying the suspected security risk extended to undersea cables built by Huawei Marine.

Hengtong Optic-Electric, another Chinese company, is buying Huawei’s share of the submarine cable operation, and it made the planned sale official in a filing to the Shanghai Stock Exchange. The price of the transaction has not been publicized.

Hydro Tasmania confirms Basslink outage due to fault at a converter station

Hydro Tasmania confirms Basslink outage due to fault at a converter station Hydro Tasmania has confirmed the Basslink interconnector is out of service after a fault occurred at a converter station. The outage is believed to have occurred earlier on Sunday and is expected to be restored by Monday. In a statement, Hydro Tasmania's Gerard Flack said the outage was due to a fault with an interconnector on land. "Basslink [has] advised this is not a cable fault and their engineering team is focussed on diagnosis, rectification and return to service," he said.

Now, Huawei is officially bowing out of one line of business , by agreeing to sell off its undersea cable operations, and reportedly shrinking another Huawei Marine Systems, in which Huawei holds a 51 percent stake, lays undersea fiber optic cables between continents in much the same way that

Now, Huawei is officially bowing out of one line of business , by agreeing to sell off its undersea cable operations, and reportedly shrinking another, by reducing smartphone production orders with supplier Foxconn.

In other Huawei news, a report from the South China Morning Post indicates that Foxconn, leading production and assembly partner to many smartphone makers, “has stopped several production lines for Huawei phones in recent days as the Shenzhen company reduced orders for new phones.” This appears to be a direct response to Huawei’s placement on the Trump blacklist, which deprived the company of its Android license, effectively neutering Huawei’s European Android smartphone business until further notice.

The SCMP goes on to report that Foxconn had apparently been hiring new staff earlier in the year to help it cope with Huawei’s growing demand, and Huawei was indeed on a path to becoming the world’s biggest smartphone vendor by the end of 2019. Reaching that goal has now been substantially delayed by the US ban setback and may even become impossible, depending on how long Huawei’s enforced estrangement from Google and other US partners continues.

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Huawei Cancels Launch Of New MateBook Laptop, Citing US Trade Bans.
Chinese tech giant Huawei has cancelled the planned launch of a new MateBook laptop at the CES Asia 2019 trade show in Shanghai this week due to sweeping U.S. sanctions against the company, Ars Technica reported on Wednesday. How To Get A Home Loan With 5% Deposit Find out more on Finder Ad Finder.com.au News of the cancellation first came via the Information on Tuesday. According to CNBC, Huawei consumer division CEO Richard Yu confirmed that due to being placed on the U.S. Entity List, Huawei “cannot supply the PC.

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