You are here: Home » Reuters » News
Business Standard

China's Huawei pledges $2 billion to allay British security fears: sources

Reuters  |  LONDON 

By Jack StubbsLONDON (Reuters) - China's Huawei will spend $2 billion as part of efforts to address security issues raised in a British government report earlier this year, sources with knowledge of the matter said on Friday.Huawei, the world's biggest producer of telecoms equipment, faces intense scrutiny in the West over its ties to the Chinese government and concerns its equipment could be used by Beijing for spying. The company has repeatedly denied the allegations. The British government report, signed off by Britain's GCHQ spy agency and released in July, found that technical and ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, December 07 2018. 21:22 IST