Huawei Technologies declined to provide immediate comment when contacted by Reuters. In March, The Wall Street Journal cited US security officials as saying the suspected security risk extended to undersea cables built by Huawei Marine. Huawei has been gaining share in the market dominated by US firm SubCom, Japan’s NEC Corp and Europe’s Alcatel-Lucent, since Huawei Marine was established in 2008 as a joint venture with Britain’s Global Marine. It booked 2018 net profit of 115 million yuan ($16.66 million) on revenue of 394 million yuan, according to Huawei Technologies’ annual report. The annual report also showed Huawei Technologies gained majority voting rights on Huawei Marine’s board in August 2018, with Global Marine retaining a 49% non-controlling interest.

Source: The Express Tribune June 03, 2019 13:18 UTC