Huawei Technologies plans to sell its majority-stake in submarine cable business joint venture Huawei Marine Systems to Chinese optical telecommunication network products company Hengtong Optic-Electric Co.
The sale comes as Huawei faces significant supply chain issues after the US banned American companies from selling goods or services to the Chinese telco giant, and accusations of being state surveillance tool have dogged the company.
In 2018, the Australian government blocked a Huawei Marine submarine cable between the Solomon Islands and Sydney over purported security concerns. At the time, Huawei also faced accusations of making a SI$40m (US$5m) political donation to the party of then-Solomon Islands prime minister Manasseh Sogavare, revealed in a report by the nation's parliamentary accounts committee. It called for a police inquiry, while Huawei strongly denied the allegations.
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