China tech giant Huawei has secured a breakthrough deal to build the majority of 5G base stations for the country’s top telecoms company, China Mobile, the South China Morning Post reported.
Analysts say the deal is a significant success for the firm whose smartphone business was sent reeling by tough US sanctions restricting its access to advanced semiconductors. The deal will involve the supply of 45,426 5G base stations worth about 4.1 billion yuan ($574 million), according to the report.
Read the full story: The South China Morning Post
- By Sean O’Meara
Read more:
Malaysia Warned by US, EU Over Huawei 5G Role Bid – FT
Huawei Helps China Improve Mine Safety as Coal Output Grows
Huawei Replaces US-Sanctioned System That ‘Threatened Survival’
China’s Huawei Claims ‘Crisis is Over’ After Revenue Rise
Huawei Beats US Sanctions With Chip Tool Breakthrough
