The U.S. is trying to ban Huawei from internet networks out of fear of snooping

BARCELONA, Spain (AP) — The U.S. government’s fight to ban Chinese tech giant Huawei from next-generation internet networks appears to be flagging. The two sides faced off Tuesday at the world’s biggest mobile technology trade fair, in Barcelona, Spain, where they sought to win over customers and governments. The U.S. argues Huawei is a security risk as it could give […]

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UK cybersecurity chief says Huawei equipment might not be security risk

LONDON — Britain can handle the security risks involved with using mobile networks made by China’s Huawei, the cybersecurity chief said Wednesday, adding to a growing debate among countries on whether the company should be banned, as the U.S. wants. Ciaran Martin, the CEO of the U.K. National Cyber Security Centre, said it was important to have “sustainable diversity” in […]

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Ubiquiti Networks stock heads for best day since 2013 after big earnings beat

Shares of Ubiquiti Networks Inc. UBNT, +14.91% are up 18.3% in Friday morning trading after the company posted better-than-expected earnings and revenue for its fiscal second quarter. The stock is on track for its best single-day performance since May 2013, when it gained 18.6%. Shares are on pace to close at an all-time high. The company reported net income of […]

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Harmonic shares tumble on disappointing guidance

Shares of Harmonic Inc. HLIT, +1.69% are down in Monday’s after-hours trading session, following the release of the company’s fourth-quarter earnings and guidance that sees negative earnings per share in the upcoming quarter. At 6:23 p.m. EST, Harmonic shares were down 10.19%, trading at $4.85. They closed the day’s regular trading session up 1.69% at $5.40. After the close Monday, […]

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Charter Communications stock on track for best day since at least 2009 after earnings

Charter Communications Inc. CHTR, +13.41% shares are up nearly 14% in afternoon trading Thursday, after the company delivered an encouraging forecast for its capital-expenditure plans. The stock is on track for its best single-day performance since at least December 2009, according to Dow Jones Market Data. Charter’s stock is currently the second-best performer in the S&P 500 SPX, +0.70% on […]

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Telenor lifts dividend despite drop in net profit

Norwegian telecom provider Telenor ASA (TEL.OS) on Wednesday raised its full-year dividend despite posting a drop in fourth-quarter net profit after a legal dispute and currency losses weighed. Telenor posted net profit for the period of 1.21 billion Norwegian kroner ($142.3 million) from NOK2.23 billion in the same period a year earlier. Revenue rose to NOK28.14 billion from NOK28.68 billion, […]

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Australian telecom drops mobile network rollout over Huawei ban

CANBERRA, Australia — TPG Telecom said on Tuesday it had abandoned the rollout of what would have been Australia’s fourth mobile network because of the government’s ban on Chinese giant Huawei, which would have been the main equipment vendor. In light of the ban announced in August, “that upgrade path has now been blocked,” TPG’s statement said. Australia blocked Huawei […]

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U.S. brings charges against Huawei over alleged Iran dealings, stealing T-Mobile secrets

The Justice Department on Monday announced an indictment against Chinese telecom equipment maker Huawei Technologies and its CFO Meng Wanzhou in a high-profile press conference with Acting Attorney General Matt Whitaker, Commerce Secretary Wilbur Ross and Homeland Security Secretary Kirstjen Nielsen. The case alleges Huawei employees misrepresented its relationship to an unofficial subsidiary in Iran, and in so doing put […]

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Telia swings to net loss on Eurasia exit

STOCKHOLM–Nordic telecommunications operator Telia Company AB (TELIA.SK) said Friday that it swung to a fourth-quarter net loss as results were weighed by costs associated with completing the company’s exit from Eurasia. The company reported net loss of 1.1 billion Swedish kronor ($121 million), from a profit of SEK792 million the prior year. Net profit from continuing operations totaled SEK1.83 billion. […]

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