China Mobile plans Shanghai listing following NYSE exile

China Mobile is planning to list on the Shanghai stock exchange after being exiled from the NYSE.

Last November, then-president Donald Trump signed an executive order to delist China Mobile, China Unicom, and China Telecom from the New York Stock Exchange on national security grounds.

The NYSE briefly backtracked on its plan to delist the Chinese telecoms giants after “further consultation with relevant regulatory authorities”. However, the exchange quickly changed...

CCS Insight: 5G is becoming mainstream in some markets despite rollout slowdown

Analysts from CCS Insight report that 5G is on the verge of becoming mainstream in some advanced markets, despite a slowdown in the rollout.

The analysts believe that global 5G connections will triple to 670 million this year and will still reach 3.6 billion by 2025. However, 5G fixed wireless access is likely to remain a niche technology.

Marina Koytcheva, VP of Forecasting at CCS Insight, said:

"Although our near-term expectations have been dented, we remain...

China proclaims 6G lead through its extensive patent portfolio

The China National Intellectual Property Administration (CNIPA) used state media this week to proclaim the country’s lead in the development of 6G.

CNIPA made the declaration on World Intellectual Property Day (April 26th) and pointed to its analysis of 6G-related patents which found – of 38,000 patents – around 35 percent (13,449) came from China.

The US took second place with 18 percent of patents relating to 6G.

In the report, CNIPA advises China to...

Huawei founder Ren Zhengfei hopes for improved US-China relations

Huawei founder Ren Zhengfei hopes US-China relations will improve under the Biden administration over the long-term.

“I hope the new US administration will come up with more open policies that are in the interests of US companies and the US economy as a whole,” Zhengfei said during a recent ceremony.

“Trade benefits both sides. Allowing US companies to supply goods to Chinese customers is conducive to their own financial performance. If Huawei's production capacity...

HSBC faces court battle as Huawei seeks to halt CFO’s extradition

Chinese telecoms giant Huawei is taking HSBC bank to court in a bid to stop the extradition of its chief financial officer to the US.

Huawei CFO Meng Wanzhou was arrested in Canada in 2018 at the request of US authorities over claims she committed fraud by misleading HSBC in 2013.

Wanzhou allegedly misled HSBC and used Huawei subsidiaries to flout US sanctions against Iran.

Last year, Wanzhou’s lawyers accused US authorities of deliberately misleading their...

Ofcom revokes GCTN’s broadcast license and rejects transfer over CCP links

Ofcom has revoked the broadcast license of China Global Television Network (CGTN) and rejected its proposed transfer to a new entity over its links to the Chinese Communist Party (CCP).

CGTN is an English-speaking international satellite news channel and must conform to UK broadcasting laws to operate in the country.

Under British law, broadcast licensees must have full control over the service–-including editorial oversight over the programmes they show. Licensees...

New York Stock Exchange backtracks on plan to delist Chinese telcos

The New York Stock Exchange (NYSE) no longer plans to comply with a Trump administration order to delist Chinese telecoms groups.

NYSE began proceedings to delist China Mobile, China Unicom, and China Telecom last week after the order signed by President Trump in November.

The order is designed to prevent transactions in securities “designed to provide investment exposure to such securities, of any Communist Chinese military company” by any person in the...

Ericsson CEO continues lobbying Swedish gov to overturn Huawei ban

Ericsson CEO Börje Ekholm is continuing to lobby the Swedish government to overturn a ban of Huawei’s equipment.

Ekholm has been vocal in opposing the ban since it was announced in October last year.

Dagens Nyheter reports Ekholm has sent a series of phone messages to Foreign Trade Minister Anna Hallberg calling for her to review the ban order by the Swedish Post and Telecom Authority (PTS).

Hallberg has said she has not had any contact with the PTS over the...

US set to approve $1.9B fund to help telcos replace Huawei and ZTE

US lawmakers are set to approve a $1.9 billion fund aimed towards helping the nation’s telcos replace equipment from Huawei and ZTE.

As Telecoms reported in July, the FCC officially designated the Chinese vendors as national security threats this year.

“Both companies have close ties to the Chinese Communist Party and China’s military apparatus, and both companies are broadly subject to Chinese law obligating them to cooperate with the country’s intelligence...

UK brings forward its deadline for carriers to ditch Huawei

The British government has brought forward a ban preventing carriers from installing Huawei’s telecoms equipment.

Operators are banned from installing Huawei’s equipment in the UK’s 5G networks from September 2021, the government has said. The vendor’s gear is still banned from purchase as of 31st December 2020.

"Today I am setting out a clear path for the complete removal of high-risk vendors from our 5G networks," Digital Secretary Oliver Dowden said in a...