According to Forbes Russia, Chinese telecom giant Huawei Technologies Co, which is already sanctioned by the US, is planning to exit Russia by furloughing some local staff and halting new contracts with operators. According to a story published last week that claimed unnamed sources, Huawei furloughed a portion of its personnel in its Moscow office […]
TELECOMS
China Telecom eyes $8.4 bn Shanghai IPO, world’s biggest in 2021
China Telecom could raise more than $8 billion in a Shanghai initial public offering that would be the biggest this year, months after it was delisted in the United States amid Washington’s stand-off with Beijing. The firm said it had priced its offer at 4.53 yuan per share, which would be worth 47.1 billion ($7.3 […]