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11/18/2019, 5:28 PM (Source: TeleTrader)
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US extends license to Huawei by 3 more months

Huawei Technologies Co. Ltd. received another 90-day reprieve from the ban by the United States Commerce Department, a government filing showed on Monday.

The decision confirmed earlier reports that Huawei is set for another delay of the US ban, after already obtaining two since May, when it was blacklisted.

Commerce Secretary Wilbur Ross said earlier that these licences, which allow Huawei to continue doing business with American firms, are meant to ease the effect of the ban on rural telecom companies in the US, which rely heavily on Huawei's equipment.

Breaking the News / NI