SHENZHEN: Chinese telecoms giant Huawei said on Thursday it has petitioned a US court to overturn a ban that prevents carriers in rural America from tapping an $8.5-billion federal fund to purchase the company´s equipment.
Huawei´s petition said the ban -- imposed last month against the company and its Chinese rival ZTE on national security grounds -- failed to substantiate claims that Huawei was a threat and was a violation of due process.
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This can be major trigger for equities, and is leading to interest in highly leveraged sectors such as cement,...