Huawei said to be in talks with banks to raise US$2 billion despite being on US blacklist

//Huawei said to be in talks with banks to raise US$2 billion despite being on US blacklist

Huawei said to be in talks with banks to raise US$2 billion despite being on US blacklist

Chinese telecommunications gear giant Huawei Technologies is in talks with banks to raise about US$2 billion, even as the company remains on a US trade blacklist that has barred it from doing business with American companies.Huawei hopes to raise the money through loans and bond sales outside China, according to a report in The Information, which cited people familiar with the matter. How much Huawei will end up raising and how many banks will be part of the deal remains unclear.Huawei’s…

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By | 2020-01-09T02:57:31+00:00 January 9th, 2020|Technology|Comments Off on Huawei said to be in talks with banks to raise US$2 billion despite being on US blacklist