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Chinese state media distance Huawei arrest from US trade talks

BEIJING: Chinese state media on Monday denounced the arrest of a top executive at tech giant Huawei , but did not link it to talks to resolve a trade dispute with the United States, an apparent effort not to undermine prospects for a deal.

Senior White House administration officials on Sunday insisted that Canada's arrest of Huawei Chief Financial Officer Meng Wanzhou on a U.S. extradition request was solely a law enforcement matter that would not derail talks with China.

Huawei CFO seeks bail, cites health fears behind bars

TORONTO: A top executive of China's Huawei Technologies Co Ltd argued that she should be let out on bail while awaiting an extradition hearing due to severe hypertension and fears for her health

A sign of the Alouette Correctional Centre for Women, where Huawei CFO Meng Wanzhou is being held on an extradition warrant, is seen outside the facility in Maple Ridge, British Columbia, Canada December 8, 2018.  - Reuters

Canadian telcos face US$1bil cost to remove Huawei gear

PRAGUE: Canada’s Telus Corp and BCE Inc may face at least US$1bil in costs if the country bans telecommunications equipment made by China’s Huawei Technologies Co from their next generation 5G mobile networks, The Globe and Mail reported, citing unidentified people familiar with the industry.

CIMB Research neutral on telco sector, Axiata top pick

KUALA LUMPUR: CIMB Equities Research is neutral on the Malaysian telco sector and switched its Malaysian telco top pick from Digi to Axiata, due to strong earnings rebound in FY19F and bigger upside to share price for the latter.

CIMB Research neutral on telco sector, Axiata top pick.

SoftBank sells all shares for US$23bil telecom IPO

TOKYO: SoftBank Group Corp’s 2.65 trillion yen (US$23.5bil) initial public offering (IPO) for its telecom unit was fully-subscribed, including an extra allotment of shares, sources said.

The underwriters were able to cover their entire book by Wednesday, thanks to strong demand from retail investors in Japan and overseas buyers, said the sources.

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