Home › News ›

Huawei to Buy Symantec Out of Joint Venture for $530M

Nov 15, 2011, 8:58 AM by Eric M. Zeman

Huawei has agreed to buy the 49% stake in its Huawei-Symantec joint venture from Symantec for approximately $530 million. The two companies formed the joint venture in February 2008 and it has lost money ever since. Huawei believes that by owning the entire venture, it will shore up its ability to support business customers. Huawei has been blocked from acquiring certain companies in the U.S. due to security concerns. Having full control over the Huawei-Symantec joint venture adds to its own security products. The business was set up and operated in Hong Kong, but is still subject to regulatory approval in the U.S. Huawei expects the deal to close in early 2012.

Reuters »

Related

Apple Watch Series 9 Detects Finger Gestures, Brings Siri On-Device

Sep 12, 2023
Apple has announced Apple Watch Series 9, a major upgrade of the internal components to enable new features. The new S9 chip includes a quad-core neural engine with twice the machine learning performance.

T-Mobile's Faster Mid-Band 5G Now Covers 140 Million People

May 4, 2021
As part of its quarterly earnings report today, T-Mobile provided an update on its 5G rollout and Sprint customer migration. The company's faster "Ultra Capacity" 5G network — the bulk of which relies on 2.5 GHz mid-band radio frequencies — now covers 140 million people and is on track to cover 200 million by the end of 2021.

T-Mobile Intros New, Cheaper Small Biz Plans

May 20, 2021
T-Mobile today announced out new small business plans called Business Unlimited. The three new options offer a better value than the existing Magenta for Business plans in several ways.

Huawei Exploring New Business Model to Stay in Phone Business

Nov 17, 2021
Bloomberg reports that Huawei is in talks to license its smartphone designs to other companies. US sanctions have cut Huawei off from critical hardware and software needed to make smartphones, restrictions that might not apply to potential licensees.

Verizon, AT&T Moving Forward with C-Band 5G Launch This Week Over FAA Objection

Jan 2, 2022
Verizon and AT&T this morning refused a request by federal transportation officials to delay this week's planned launch of 5G service in the critical new C Band. [Update: By evening, the two companies agreed to a two-week delay.] The FAA (Federal Aviation Administration) insists that the service could potentially interfere with radio altimeters that planes use to measure distance to the ground in poor weather.

more news about:

Comments

This forum is closed.

This forum is closed.

muchdrama

Nov 16, 2011, 6:42 PM

A Chinese company--

--with ties to the Chinese government owning a part of one our leading network security companies?

That's rich.

Page 1 of 1