Huawei Says No Buyer Yet For Its 5G Technology
Huawei Technologies Co.¡¯s billionaire founder Ren Zhengfei said there have been no direct talks between the firm and any U.S. company since his offer to license the Chinese giant¡¯s full portfolio of fifth-generation network technology. His comment contradicts earlier reports that the Chinese telecom gear giant is in talks with potential buyers on a sale.
¡°There are no American companies talking to us,¡± Ren told a panel in Shenzhen moderated by Bloomberg Television. ¡°Because it¡¯s a very big and difficult decision to make, the big companies need to consider it seriously,¡± he said. Should a buyer appear, investment banks may be called in to facilitate a deal, he added.
In September, Ren said Huawei is ready to license its 5G technology, including chip designs, hardware and source code, to a single, exclusive licensee. That should be a U.S. company because Europe is home to close competitors like Nokia Oyj and Ericsson AB and doesn¡¯t need help to compete, he added.
Huawei, accused by Donald Trump¡¯s administration of aiding Beijing in spying while spearheading China¡¯s tech-superpower ambitions, is trying to claw back business and shore up trust in its products. The company has repeatedly denied such allegations.
The world¡¯s second-largest smartphone maker is expecting its 2019 smartphone shipments to jump as much as 21% to 250 million units, defying a U.S. export ban that cuts Huawei off from key American components.
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