GNG News Guy
01-06-2008, 10:02 AM
http://i.dslr.net/urls/35/4735.gif (http://www.dslreports.com/shownews/Congress-Investigates-Security-Risk-of-Telecom-Acquisition-90727)
Back in October (http://www.dslreports.com/shownews/88023) networking vendor 3com was acquired in a $2 billion joint purchase by U.S. equity investment firm Bain and Chinese networking vendor Huawei. That acquisition is still pending review (http://www.pcworld.com/businesscenter/article/140967/3com_acquisition_under_investigation.html) as Congress takes a look at whether it poses any national security risks to the United States. Although Huawei holds only a minority of the investment, there are concerns (http://www.washingtonpost.com/wp-dyn/content/article/2008/01/05/AR2008010502608.html?nav=rss_technology) that giving U.S. telecommunications and networking access to the Chinese is a risky endeavor. The company is reportedly privately owned and has no links with the Chinese government but Congress is unsure about the nature of communications and relations between the business and the government. In the meantime, Huawei is moving forward with its stated goal of taking over global telecommunications making recent deals with Tmobile and O2 in Germany (http://www.telegeography.com/cu/article.php?article_id=21130&email=html) and Vodafone in Spain (http://www.tradingmarkets.com/.site/news/Stock%20News/952988/).
read comment(s) (http://www.dslreports.com/shownews/Congress-Investigates-Security-Risk-of-Telecom-Acquisition-90727)
Back in October (http://www.dslreports.com/shownews/88023) networking vendor 3com was acquired in a $2 billion joint purchase by U.S. equity investment firm Bain and Chinese networking vendor Huawei. That acquisition is still pending review (http://www.pcworld.com/businesscenter/article/140967/3com_acquisition_under_investigation.html) as Congress takes a look at whether it poses any national security risks to the United States. Although Huawei holds only a minority of the investment, there are concerns (http://www.washingtonpost.com/wp-dyn/content/article/2008/01/05/AR2008010502608.html?nav=rss_technology) that giving U.S. telecommunications and networking access to the Chinese is a risky endeavor. The company is reportedly privately owned and has no links with the Chinese government but Congress is unsure about the nature of communications and relations between the business and the government. In the meantime, Huawei is moving forward with its stated goal of taking over global telecommunications making recent deals with Tmobile and O2 in Germany (http://www.telegeography.com/cu/article.php?article_id=21130&email=html) and Vodafone in Spain (http://www.tradingmarkets.com/.site/news/Stock%20News/952988/).
read comment(s) (http://www.dslreports.com/shownews/Congress-Investigates-Security-Risk-of-Telecom-Acquisition-90727)