Date
21 August 2018

Huawei puts big deals on hold, WSJ says

Huawei Technologies Co. of China will not consider any major acquisitions for at least the next five years as it focuses on improving management efficiency and ensuring sustainable growth, the Wall Street Journal reported Thursday, citing a company director. Huawei, the world’s second largest supplier of telecommunications network equipment, already is a sizable company with 150,000 employees, the director was quoted as saying. More effort is needed to make decisions faster and management leaner. Huawei, a closely held company based in the southern city of Shenzhen, also will not seek an initial public offering for at least the next five years, the report said.

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