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In an unusual concession that highlights security jitters about China, the U.S. government will be allowed to approve a "security" director at Sprint (NYSE:S) if the wireless provider's $20.1 billion deal with Japan's SoftBank is consummated.The revelation follows reports earlier this year indicating the U.S. is seeking oversight of network-equipment purchases by Sprint amid concerns that Chinese suppliers such as Huawei Technologies and rival ZTE pose national-security risks by giving Beijing an avenue to spy on American citizens.According to a Securities and Exchange Commission filing dated May 1, Sprint said "it is anticipated that all times one of the directors designated by SoftBank, subject to U.S. government approval, will serve as the 'security director.'"The director would be one of 10 and focused on network security matters, an area of concern for the U.S. government.Foreign transactions are subject to approval by the Committee on Foreign Investments in the United States, or ...
Two U.S.-based medical examiners agreed with a Singaporean pathologist's findings that an American engineer died by hanging in what appeared to be a suicide in the c...
The European Union's trade chief will ask for backing this week from senior members of the bloc's executive arm to start investigations into alleged unfair trade pra...
Network equipment vendor joint venture Nokia Siemens Networks (NOK, SI) said Monday it has signed a memo of understanding with Ericsson (ERIC) and Huawei to jointly ...
Ren Zhengfei, founder and CEO of Huawei Technologies Co Ltd, defended the Chinese firm's stand on U.S. cyber-security concerns when he spoke to the media for the fir...
Telecom equipment maker Alcatel-Lucent SA (ALU.FR) Tuesday launched a tender offer to buy back as much as 750 million euros ($976.92 million) worth of outstanding bo...
Chinese telecom operators will start awarding contracts for super-fast mobile networks this year, kicking off the third wave of a global investment cycle that is res...
The Android operating system allows Google Inc. (GOOG) to make money with mobile search, but it is Microsoft Corp. (MSFT) that is profiting from the software because...
Apple Inc.'s (AAPL) iPhone saw its share of the global smartphone market decline to 18% in the first quarter from 23% a year earlier, with its shipment growing at th...
Samsung Electronics Co sold a record 69.4 million smartphones in the first quarter, boosting its market share to an all-time high of 33.1 percent, data from research...
Swedish network equipment vendor Ericsson (ERIC) suffered a fall in first-quarter earnings as strong sales in North America failed to compensate for restructuring ch...
A senior Chinese official Tuesday said he hoped that the rescue model for Cyprus would not be applied to other euro-zone countries, referring in particular to the hi...
Huawei Technologies will lead a 1 billion euro ($1.3 billion) mobile-network upgrade for Italy's Wind Telecommunicazioni SpA, the latest in a string of deals as the ...
Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security,...
Sony Corp cut its sales targets for digital cameras, smartphones and tablets by 13-17 percent for the year to end-March 2015, but said there were "encouraging" signs...
Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating a...
Business leaders from across Europe met in Brussels on Thursday to discuss--among other things--a proposal from the European Commission to "reindustrialize Europe." ...
China threatened on Thursday to retaliate if the European Union formally opens an investigation into alleged anti-competitive behavior by Chinese mobile telecom equi...
China hit out at the European Union on Thursday, ratcheting up its rhetoric as the EU threatens to open more investigations into whether Chinese companies sold goods...
The European Commission plans to send a formal warning to China that it is ready to levy sanctions against telecoms equipment makers Huawei and ZTE Corp over illegal...
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