From the reality is stranger than fiction file: Concerns about spying may have killed, or at least stalled, a plan for Huawei Technologies Co. Ltd. to buy some Nortel (NT) assets.
According to a Forbes piece published today, Nortel’s plans to hand off its Metro Ethernet Networks (MEN) division to Huawei for $400 million were scuttled over concerns about Chinese cyber-spying.
“The Shenzhen, China-based networking giant has a murky history of cooperation with its homeland's authoritarian regime,” the Forbes piece reads. “And concerns over Huawei's government ties, according to some industry watchers and security analysts, may have spooked Nortel's customers that carry sensitive U.S. government data and scuttled the Chinese company's offer.” (source) (more)
