Reuters exclusively reports Pacific undersea cable project sinks after U.S. warns against Chinese bid - Reuters News Agency
Business & Finance

Reuters exclusively reports Pacific undersea cable project sinks after U.S. warns against Chinese bid

Reuters exclusively reported that a World Bank-led project declined to award a contract to lay sensitive undersea communications cables after Pacific island governments heeded U.S. warnings that participation of a Chinese company posed a security threat. Two sources with direct knowledge of the tender told Reuters that the project reached a stalemate due to security concerns raised within the island nations over a bid by HMN Tech, formerly known as Huawei Marine Networks. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: AustraliaChina
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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