U.S. Is Said in Talks to Resolve Charges Against Huawei CFO

(Bloomberg) — The U.S. Justice Department is in talks about a possible resolution in the legal case against the chief financial officer of Huawei Technologies Co., according to a person familiar with the matter, a simmering dispute that has fueled a clash between the world’s two biggest economies.

No deal or terms have been reached in the discussion about the fate of Meng Wanzhou, said the person, asking not to be identified because the matter is private.

a person standing in front of a building: Huawei CFO Meng Wanzhou Returns To Court

© Bloomberg
Huawei CFO Meng Wanzhou Returns To Court

Meng Wanzhou leaves her home to attend Supreme Court for a hearing in Vancouver, Canada, on Nov. 25.

Photographer: Darryl Dyck/Bloomberg

Justice officials and lawyers have discussed the prospect of a deferred prosecution agreement related to wire and bank fraud charges, which would allow Meng to return home to China from Canada in exchange for admitting wrongdoing in the criminal case, Dow Jones

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U.S. in talks with Huawei CFO on deal to resolve criminal charges: WSJ

Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada November 16, 2020.

Jennifer Gaulthier | Reuters

GUANGZHOU, China — The U.S. government is in talks with Huawei’s chief finance officer, Meng Wanzhou, about a deal that could see her released back to China from Canada if she admits wrongdoing in the case against her, the Wall Street Journal reported, citing people familiar with the matter.

Lawyers for Meng have spoken to officials at the U.S. Department of Justice in recent weeks about entering a so-called deferred prosecution agreement, the WSJ said. More discussions are scheduled for this week with the aim of striking a deal before the end of the Trump administration, the report added.

The Department of Justice was not immediately available for comment when contacted by CNBC. Huawei declined to comment on the WSJ report.

Meng was 

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Huawei sells Honor subsidiary to Zhixin New Information Technology Co. Ltd

Honor is no longer a subsidiary of the Huawei Consumer Business Group. The consumer electronics company which was founded in 2011 as an online-only brand has now been sold to a new owner called Zhixin New Information Technology Co. Ltd.

The new owner of the Honor brand was born from a consortium of over 30 agents and dealers of the Honor brand and the Shenzhen Smart City Development Group Co. Ltd according to a joint statement released confirming the acquisition.

It has been reported that Shenzhen Smart City Development Group which is a subsidiary of Shenzhen SASAC holds 98.6% of the shares while the Shenzhen state-owned Assets Cooperative Development Private Equity Partnership holds 1.4% of the shares.

Honor sale joint statement

The statement says Zhixin New Information Technology will “acquire all business assets related to the Honor Brand”, and “once the acquisition is complete, Huawei will not hold any shares in the new Honor

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Brazilian soy farmers try 5G technology with Huawei equipment

BRASILIA (Reuters) – The Brazilian farm state of Goias rolled out a pilot project on Thursday to increase productivity and take fast action against disease using fifth-generation technology and equipment provided by China’s Huawei Technologies Co.

The rollout of the agricultural support application for soy farmers comes at a time when Brazil’s government is considering whether to ban the use of Huawei equipment in next year’s auction of 5G frequencies spectrum to telecom companies.

The 5G communications will allow producers to improve crops through the collection of information by sensors placed in the fields, on harvesters and drones, so that it can be readily crossed with meteorological and humidity data, said Huawei Brasil marketing director Tiago Fontes.

Combining fast broadband communications with real time cloud data processing will give farmers in one hour information that used to take three days so they can rapidly take actions against diseases and other

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5G: Telecoms firms get new deadline to stop installing Huawei kit

Telecoms providers won’t be allowed to install equipment provided by Huawei in their 5G networks from the end of September 2021, according to a new roadmap published by the government. 

The document lays out the steps that telecoms companies will need to take in the next few years to remove high-risk vendors from their networks, and puts forward a timeline to specifically phase out Huawei from the country’s future 5G infrastructure.  

Earlier this year, the UK government ruled that Huawei’s equipment should be completely removed from the country’s 5G networks by 2027. As part of the ruling, it was determined that operators should stop buying new kit from Huawei from January 2021.  

Now, operators will also be required to refrain from installing equipment from the Chinese supplier from next September. Maintaining old equipment, however, will still be allowed. 

The new deadline will likely tackle concerns that operators might stockpile Huawei

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Huawei ban timeline: UK won’t allow company’s 5G gear from September 2021


Huawei makes some striking phones, like the Mate 40 Pro, but they aren’t available in the US and lack Google services.

Andrew Hoyle/CNET

Huawei is a global telecommunications supplier and phone manufacturer, but it’s a pariah in countries like the US. There’s been no shortage of scrutiny of the Chinese telecom giant in recent years, and countries like the UK have baned the use of its equipment as their 5G networks develop. Its phones are also virtually invisible in the US, despite its massive presence around the world.

The company’s chairman had predicted that 2020 would be “difficult” for Huawei, and there certainly have been challenges. The US continues to pressure allies to block Huawei from their next-generation 5G wireless networks. In July, the UK opted to ban Huawei from its 5G infrastructure: The company’s equipment must be removed by 2027 — a decision that Huawei found “disappointing” as 

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UK to ban new Huawei gear installations after Sept

The government of Prime Minister Boris Johnson in July banned Huawei from having a role in building Britain’s next-generation mobile phone networks over security concerns triggered by U.S. sanctions. Britain and other European countries have started to fall in line after the U.S. lobbied allies to shun Huawei over fears its equipment could be used by China’s communist rulers to facilitate electronic espionage.

Telecom operators were ordered to stop buying Huawei 5G equipment by the end of the year and have until 2027 to rip any of the company’s existing gear out of their systems.

While the ban implied operators would have to stop installing Huawei gear, the latest announcement spells out the deadline clearly – making it harder for them to stockpile equipment.

Huawei declined to comment. It has previously denied the U.S. allegations and said Britain’s ban was politically motivated.

“Today I am setting out a clear path

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UK bans installation of new Huawei 5G equipment from September

The UK government is banning the installation of new Huawei 5G equipment from September 2021 as part of its plans to phase out the Chinese firm’s technology by 2027, The Financial Times reports. The decision follows the government’s announcement in July that firms would be barred from buying new equipment from January 2021 over national security concerns.

The announcement means that any telecoms companies who have stockpiled Huawei equipment ahead of the January cutoff will now not be able to use this for long-term 5G rollouts. The Financial Times reports that some companies have been stockpiling this equipment since summer. Firms will still be allowed to maintain old equipment after September, according to BBC News.

New legislation set to be debated in Parliament this week will start the process of enshrining the ban in law and set out how it will be

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U.K. Bans Installation of Huawei 5G Gear From September

(Bloomberg) — The U.K. will ban the installation of 5G equipment from China’s Huawei Technologies Co. by the end of next September.

A Huawei logo sits on display inside a Huawei Technologies Co. store at Menlyn Park Shopping Center in Pretoria, South Africa, on Wednesday, Aug. 12, 2020. Telecom company Rain said it has set up South Africa's first commercial fifth-generation mobile network in two large cities using equipment from China's Huawei.

© Bloomberg
A Huawei logo sits on display inside a Huawei Technologies Co. store at Menlyn Park Shopping Center in Pretoria, South Africa, on Wednesday, Aug. 12, 2020. Telecom company Rain said it has set up South Africa’s first commercial fifth-generation mobile network in two large cities using equipment from China’s Huawei.

The restriction, first reported by Bloomberg last Monday, is part of an “initial” 250 million-pound ($333 million) package of measures brought in to diversify Britain’s wireless supply chain announced by the Department for Digital, Culture, Media and Sport. The stricter rules may also help fend off a challenge from lawmakers in the ruling Conservative Party seeking even tighter restrictions on the Chinese network equipment maker.


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British ministers announced in July that Shenzhen-based Huawei would

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UK Will Ban the Installation of Huawei 5G Equipment in 2021

Illustration for article titled UK Will Ban the Installation of Huawei 5G Equipment After September 2021

Photo: Patricia de Melo Moreira / AFP (Getty Images)

The UK has taken another step towards removing Huawei from its 5G network. On Sunday, the British government announced that the country’s telecommunications companies would not be allowed to install new 5G equipment from Huawei after September 2021, Bloomberg reported.

Illustration for article titled UK Will Ban the Installation of Huawei 5G Equipment After September 2021

According to Bloomberg, although the UK announced in July that telecom providers would have to remove Huawei equipment from their networks by the end of 2027, the new restriction could accelerate the plans telecom providers had in place to overhaul their systems. The telecom providers were already prohibited from purchasing new 5G equipment from Huawei beginning in January 2021.

Bloomberg reported that telecom carriers will also be banned from outsourcing service management to Huawei beginning in April 2021.

“We are taking bold steps to implement one of the toughest telecoms security regimes in the world,”

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