Prysmian Sells Of All Of Its Remaining Shares Of Yofc

Huawei sells optical cable company

Huawei's corporate parent is selling its 51 per cent of Huawei Marine Networks to Hengtong Optic-Electric Co, a Jiangsu-based optical-cable manufacturer, according to a stock exchange filing. HONG KONG (Reuters) - Huawei Technologies Co Ltd plans to sell its undersea telecom cable business, showed a buyer's filing on Monday, in its first major asset sale since the United States ratcheted up accusations of the Chinese firm being a vehicle for espionage. Huawei is retreating from the undersea telecom cable business. The Chinese company, which is increasingly challenged by a U.