Huawei to invest $2 billion in cybersecurity to avoid facing more bans
The Chinese company said at one of its press conferences in front of two dozen international journos that it plans to invest about $2 billion over the next 5 years to focus on cybersecurity. Huawei's main concern is that the bans is now facing are aimed to lock it out from the telecom network gear market, Reuters reports.
It's even been suggested that the U.S. government conditioned giving its blessing for the T-Mobile and Sprint merger unless the carriers' parent companies, Deutsche Telekom and SoftBank, stop using Huawei equipment.
It remains to be seen whether or not the United States and its allies will have a change of heart after Huawei supposedly toughens up the security of its network.