Huawei urged to consider Australian float

BANNED: A board member of the Australian arm of China’s Huawei Technologies Co Ltd, which was banned from tendering for work on Australia’s US$38bil (RM114bil) broadband network, says it should consider a local float to ease security concerns. — Reuters

SYDNEY: A board member of the Australian arm of China’s Huawei Technologies Co Ltd, which was banned from tendering for work on Australia’s US$38bil (RM114bil) broadband network, says it should consider a local float to ease security concerns, the Australian Financial Review reported.

The paper quoted board member John Brumby, a former premier of Victoria state, as saying he was urging Huawei to consider building an Australian research and technology centre and an eventual local stock exchange listing.