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.
Business & Finance
Reuters exclusively reports Pacific undersea cable project sinks after U.S. warns against Chinese bid
17 June 2021, 2:42 pm 1 minute
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