Tag: undersea cable

China’s Huawei to sell stake in undersea-cable unit

SHANGHAI, China (AFP) — 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 […]