2/14, 12:25 AM (Source: TeleTrader)
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Commerce Dept extends Huawei license for 45 days

United States Department of Commerce extended a license for Huawei Technologies Co. Ltd. to continue doing business with American companies for another 45 days.

The extension is meant to allow US businesses to find an alternative mobile parts provider, and to prevent the ban on the company from disrupting the "existing network communication systems."

Previously, the Commerce Department placed Huawei on its "entity list," putting an embargo on US companies doing business with the Chinese telecommunications giant due to it posing a potential risk of espionage.

Breaking the News / NL