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US panel deals blow to Huawei

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-15-11 08:05 AM
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US panel deals blow to Huawei

President Barack Obama will have to decide whether Huawei must unwind a $2m patent deal after a classified national security review failed to approve the transaction, the Chinese telecom equipment maker said.

Huawei said that it was offered an opportunity by the Committee on Foreign Investment, the secretive executive branch panel that vets deals on national security grounds, to withdraw from the regulatory review and sell patents it acquired from a company called 3Leaf last May.

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http://link.ft.com/r/3JFELL/RNYP2N/EKRAI/3OPZY8/FX85KH/XL/t?a1=2011&a2=2&a3=14
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