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Japan's top three telcos to shun Huawei gear

Dec. 10, 2018 5:07 AM ETStandard Chartered PLC (SCBFF) StockHSBC, SCBFFBy: Yoel Minkoff, SA News Editor5 Comments
  • British banks, including Standard Chartered (OTCPK:SCBFF) and HSBC, are reportedly among the financial institutions misled by Chinese technology giant Huawei into funneling illicit payments from Iran.
  • More companies are also ditching current and upcoming 5G gear from Huawei, like Japan's big three telecom operators, Kyodo News reports, amid fears that the equipment could contain "backdoors" for use by spies.

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