Huawei to spend US$2 billion over five years in cybersecurity push

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december 19: Global Affairs Canada says a third Canadian has been detained in China.

"This is not putting the focus on how to improve and ideal the technology, but is speculation targeting specific companies out of political considerations", Hu said.

Telecom giant Huawei is set to invest $2 billion in cybersecurity over the next five years as part of its efforts to ease security concerns, the state-owned China Daily reported on Wednesday.

In others comments, Huawei said it looking forward to "a just conclusion" in the case of Meng, who was arrested in Vancouver on December 1 after United States officials alleged Huawei was trying to use banks to evade sanctions against Iran and move money out. "We look forward to a just conclusion to this matter".

More so, the Shenzhen-based tech company is set to bring its 5G technology to India, a market with more than 1.3 billion population. "There are clear definitions", says Hu. "We haven't received any request to provide improper information", Hu said. "We follow those facts to see if there are violations of USA law". "When we talk about according to the law, the law has clear stipulations around the terms of reference for related agencies".

Huawei Technologies Co.'s rotating chairman, speaking publicly for the first time since the shock arrest of its chief financial officer, warned that blacklisting the Chinese company without proof will only hurt the industry and snarl the advent of future wireless technologies worldwide.

And Hu? "No comment on that".

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Further responding to Navratil's statements, a Huawei spokesperson claimed that there are certainly no such laws in China that may force Huawei or for that matter any other company, to install suitably designed network gear which would enable Chinese spies to hack critical network infrastructure across the West.

Although Huawei has not been able to sell equipment or smartphones to the major wireless network operators in the U.S., a large number of small and regional wireless network operators do use equipment from Huawei.

Huawei has faced a tough year, with some of its services rejected in the United States, Australia, New Zealand, Britain, Japan, France and Germany over security concerns.

"I think it's not necessary to always dwell on fear or speculations without any facts".

At the same time, Huawei says that neither Japan nor France banned its equipment, despite media reports indicating that both governments made a decision to give up on its products.

Hu promised repeatedly to expand efforts to respond to "legitimate concerns" from regulators, telecom carriers or the public.