Chinese telecommunications behemoth Huawei has responded strongly in response to allegations that it is a threat to national security - following recommendations by Australian intelligence agencies that the company should be prohibited from bidding on lucrative future 5G contracts.
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The US Senate has sensationally voted overwhelmingly to re-impose the draconian ban on Chinese telecommunications behemoth ZTE.
Australian telecommunications incumbent Telstra has announced that it will axe 8,000 between now and 2022. The job cull is part of the operators’ plan to completely transform its existing business structure and operations.
Chinese telecommunications behemoth Huawei looks set to miss out a number of lucrative 5G contracts in Australia after it was alleged that the company could potentially pose a risk to national security according to a number of reports surfacing in the country.
South Korea, one of the prominent countries leading the charge towards the commercialization of 5G networks has conducted one of the world’s first ever 5G auctions.
The mobile industry has confirmed that it has achieved a critical milestone in the race to bring 5G networks to life: official approval of “5G standalone” specifications. In a collective announcement, 3GPP and dozens of wireless companies are describing the approval as kicking off “the final sprint towards 5G commercialization,” which will begin in the United States this year and elsewhere next year. The newly completed specification enables developers to choose from a standalone 5G standard that doesn’t depend upon 4G, or the earlier non-standalone 5G standards with 4G ties.
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Chinese telecommunications behemoth ZTE has seen its share price plummet by a whopping 39% following the resumption of its trading on the Hong Kong stock exchange. The Chinese vendor was able to resume trading after it reached a resolution agreement with the United States.
Qualcomm’s acquisition deal of NXP remains uncertain just weeks after reports claimed the deal was set to be rubberstamped by Chinese regulators. However, sources close to the merger deal have claimed that the deal is still very much up in the air and dismissed that antitrust regulators had vetoed the deal.
Chinese smartphone manufacturer Xiaomi has announced that it will embark on a pioneering listing program that will see them issue securities in mainland China markets on a trial basis. It’s part of the country’s overall plan to encourage and incentivize China’s top technology firms to list at home.