Huawei to sell the majority of its submarine cable division

Huawei provides information and communication technology solutions to more than 50 airports and 15 airlines around the world

China's Huawei to sell undersea cable business, buyer's exchange filing shows

The company, which builds numerous undersea cables that provide some of the basic infrastructure of the internet, is the first major asset sale since its the U.S. began targeting Huawei.

Some critics of the ban argued that it wouldn't actually help reduce Chinese spying and theft of US companies' intellectual property as the Trump administration hopes - but may even increase it.

While it would be the first such public offer of an agreement to the United States, Liang stressed the conditions might not exist for such a deal.

A Huawei logo is seen on the side of a building at the headquarters in Shenzhen, Guangdong province, China May 30, 2019.

If the U.S. persisted with its moves, Liu said, it would "force us to use Plan B", referring to heavy investments in new technology, including developing its own chips. "But since the United States has not bought from us, is not buying from us, and might not buy from us in the future, I don't know if there is an opportunity to sign".

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"It is inappropriate to use political means to disrupt an industry", he said.

The CIA has reportedly told allied governments that Huawei has received funding from China's state security services but the company denies being controlled by Beijing.

Huawei has risen to become the world leader in telecom networking equipment and one of the top smartphone manufacturers alongside Samsung and Apple.

The move came as the recent pressure on the company's global telecommunications business was amplified following the trade ban imposed by the U.S. Department of Commerce.

Some experts both for and against the ban are concerned about the effect of its implementation on American companies. And President Trump was expected to discuss Huawei during his visit with Prime Minister Theresa May on Tuesday.

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Last week, Huawei declared in a USA court that the Trump administration's efforts to ban the technology giant's equipment is unconstitutional. Last year, tensions reached a fevered pitch after the U.S issued an arrest warrant for Huawei Chief Financial Officer Meng Wanzhou, on charges related to breaching American sanctions against Iran, among other allegations.

Huawei Marine plays a key role in Ren's ambitions.

The ban on USA tech companies doing business with Huawei is expected to drastically curtail demand for Huawei phones in the future.

Huawei is to dispose of its undersea cable business, Huawei Marine Systems (HMS).

The U.S. authorities claimed that the Chinese company represented a national security threat and began banning the company's operations with accusations on espionage.

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It is understood the U.S. concerns over Huawei's possible links to the Chinese espionage community and therefore the Chinese government stretched to this cable network.

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