china unicom

China Telecom and China Mobile pulled out of the project after SubCom won the contract last year and, along with China Unicom, began planning the EMA cable, the four people involved said. Chinese state-owned telecom firms are developing a $500 million undersea fibre-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project, four people involved in the deal told Reuters. The plan is a sign that an intensifying tech war between Beijing and Washington risks tearing…

Finnish telecom equipment maker Nokia said on Monday that China Unicom had selected it to supply around 10 percent share of its 5G core network, confirming an earlier statement to Reuters by Nokia CEO Rajeev Suri."China Unicom has chosen Nokia to support the buildout ofits 5G SA Core network in China, marking an expansion of Nokia's existing 4G working relationship with the Chinese communication service provider," Nokia said in a statement, adding the deal corresponded to a 10 percent share.At the end of April, Nokia's…

The New York Stock Exchange (NYSE) is starting the process of delisting securities of three Chinese telecom companies, after President Donald Trump last month barred US investments in Chinese firms Washington says are owned or controlled by the military.The move by the NYSE, which will limit US investor access, follows global index providers MSCI, S&P Dow Jones Indices, FTSE Russell, and Nasdaq deleting various Chinese companies from their indexes.It's "a modest step, but at least an awakening to national security and…

The New York Stock Exchange abandoned plans to delist three state-owned Chinese telecom companies on Monday, reversing a decision that further dented already strained relations between the world's two superpowers.In a brief statement, the stock exchange said it "no longer intends to move forward with the delisting action" for China Telecom, China Mobile, and China Unicom.No detailed reason was given for the sudden reversal but the exchange said it came after "further consultation with relevant regulatory…

The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist amid confusion over rules set by the Trump administration and tension within Washington on China policy.If it does so, it would mark a second sudden U-turn. The bourse said late Monday it reversed an decision announced just last week to delist China Mobile, China Telecom, and China Unicom (Hong Kong) after consulting with regulatory authorities in connection with the US Treasury's Office of…

Qualcomm on Monday said it expects to work with more than 30 carriers and telecommunications gear providers who have committed to using the faster variant of 5G networking technology.Fifth-generation networks use a combination of technologies. The lower frequency version, called "sub-6" by industry insiders, travels well over long distances but is only somewhat faster that previous networks. The fastest version of 5G uses higher frequencies and is called "millimeter wave" by Qualcomm, the world's biggest supplier of…

On a stage reserved for the biggest players in the global telecoms industry, three Chinese firms took their place alongside three Western companies -- and pushed the message that they wanted to "work together". But the state-owned companies — China Mobile, China Telecom and China Unicom — have been barred from doing business in the United States, severely hampering their global ambitions. The US authorities cited security and risks of meddling by the Chinese state — similar reasons lay behind Huawei's exclusion from the…