Nokia set to exit telecommunications joint venture with Huawei amid...

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2024-01-21 19:58:52 - Translate -

Nokia set to exit telecommunications joint venture with Huawei amid US-China tensions

Finnish telecoms equipment giant Nokia has found new buyers for its majority stake in a Beijing-based joint venture with Huawei Technologies, after a proposed deal fell through last year following strong protest by the Chinese partner. Under the latest agreement, wireless technology firm TD Tech will be jointly controlled by Huawei and a group of entities that include the government-owned...

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