The CFIUS approval comes in the wake of Deutsche Telekom reviewing its ties with Huawei. T-Mobile is a unit of Deutsche Telekom. In a significant development, T-Mobile US and Sprint Corp have stated they have received the go-ahead from the… Read More ›
equipment
Avoid China-made telecommunication equipment: U.S. to allies
The United States is pushing allies to avoid using telecommunication equipment made by Chinese Companies, including Huawei Technologies, citing heightened cybersecurity risks. Following perceptions of threats from espionage, the U.S. government is persuading internet providers and wireless operators in allied… Read More ›
Honeywell International Inc’s 2nd quarter profits beat analysts’ estimate
On the wings of strong sales from its businesses which makes a host of products ranging from supply chain and warehouse automation equipment to aircraft engines and catalysts for petroleum refining, Honeywell International Inc reported a better-than-expected second quarter profits… Read More ›
ZTE’s valuation tumbles following U.S. sanctions
The United States sanctioned Chinese telecom equipment maker ZTE after it was caught illegally shipping U.S. goods to Iran. With the United States banning ZTE Corp from selling its components to U.S. telecom equipment makers for seven years, Chinese funds… Read More ›
Norweigian defense contractor Kongsberg Gruppen signs $1.93 billion deal with Qatar
The deal will see Kongsberg Gruppen supply military vehicles, weapons technology and help in the digitization of 490 armored vehicles. On Tuesday, Kongsberg Gruppen, a Norwegian defense contractor disclosed it has signed a letter of intent to supply equipment for… Read More ›