The arrest of a top Huawei executive in Canada is the latest in a series of setbacks that have disrupted the Chinese telecom behemoth’s global expansion amid a US-led effort to blackball it internationally. The company has faced a tough year, with some of its services rejected in the United States, Australia, New Zealand and Britain over security concerns. The latest hit came on Wednesday, as Canada announced that chief financial officer Meng Wanzhou — the daughter of founder Ren Zhengfei — was arrested at the weekend as US authorities seek her extradition. The Canadian justice ministry did not provide details about the charges, but US authorities are reportedly investigating whether Huawei violated sanctions against Iran by supplying parts to the country. Analysts say the allegations, if proven, could result in a ban with far-reaching global consequences. – ‘Security risk’ – China’s largest telecoms equipment maker has received an increasingly chilly international reception this year as US allies have moved to ban its products. Britain’s largest mobile provider BT on Wednesday announced it was removing Huawei equipment from its 4G cellular network, days after the head of the MI6 foreign intelligence service singled out the company as a security risk…. Read full this story
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