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Huawei sees US ban costing around USD 30 bln in revenues this year

2019-06-17 09:31:00| Telecompaper Headlines

(Telecompaper) Huawei expects the US ban on doing business with the company could take around USD 30 billion off sales this year. CEO Ren Zhengfei said at a meeting at the company's headquarters in Shenzen that Huawei had been hit harder than expected by the US government actions and lowered the sales outlook for this year and next, Reuters reports.  

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Category:Telecommunications

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