Huawei to invest 3 billion pounds in UK after US snub

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By: Reuters |
Published: February 7, 2018 4:25 pm


Huawei Technologies has been deepening ties in Britain over the last decade and the British welcome is in stark contrast to the United States, where Huawei has been largely frozen out over thinly veiled national security concerns. (File Photo)

China’s Huawei said on Tuesday it will spend a further 3 billion pounds ($4.2 billion) on procurement in Britain as the world’s largest telecom equipment maker seeks alternatives to the United States, where it faces an effective ban. Huawei said its chairwoman Sun Yafang made the pledge in a meeting last week with British Prime Minister Theresa May during a trade mission to China which resulted in deals worth more than 9.3 billion pounds.

Huawei Technologies has been deepening ties in Britain over the last decade and the British…

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