Huawei Denies Ex-CIA Director’s Claims Of Spying For China

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Huawei Technology Co Ltd (SHE:002502), which has been accused by a former director of the United States Central Intelligence Agency of spying for China, denied all the allegations and said that it is a trusted company in China.

Huawei Denies Ex-CIA Director's Claims Of Spying For China

Huawei strongly deny all claims

Scott Sykes, spokesman of Huawei Technology Co Ltd (SHE:002502) said in a statement that the company is “proven and trusted” information and communication technology company. Sykes made this statement in response to Michael Hayden’s remarks, who is a former head CIA.

“These tired, unsubstantiated, defamatory remarks are sad distractions from real-world concerns related to espionage, industrial and otherwise,” Huawei’s Sykes said in today’s e-mail. He added that Huawei has similar goals to that of United States and welcomes new ideas of working to enhance cyber security.

 Hayden, now a director at Motorola Solutions Inc said that the copy provided to the newspaper’s website is accurate. He further said that he cannot comment on some definite cases of spying or any other operational matters, says a report from Bloomberg.

Authorities suspecting a link between Huawei and China

Huawei Technology Co Ltd (SHE:002502) has been denied government projects in Australia and the United States; also legislative committees in U.K. and United States are expecting the links between Huawei and China. Huawei has been under scanner for a long time and is struggling to clarify its stand against cyber security and intelligence agencies along with security companies who found the involvement of China in web attacks.

In October last year, a Congressional committee in the United States said that, through Huawei and ZTE Corporation (SHE:000063), based in Shenzhen, Chinese intelligence are getting an opportunity to meddle with the telecommunication networks for spying purposes.

The United States banned Huawei Technology Co Ltd (SHE:002502) in 2011, to participate in network building during nationwide emergency network. Following the decision by United States, Australia also banned Huawei from placing its bid for work on its national broadband fiber network due to the national interest concerns.

Yesterday, an announcement came from U.K. cabinet office that national security advisor will conduct a review of Huawei’s security Evaluation Centre, the Banbury Cell. Last month, concerns were raised by Parliament’s Intelligence and Security Committee regarding the connection between China and Huawei.

About Huawei

Huawei Technology Co Ltd (SHE:002502) is at present second largest equipment maker for phone networks, second only to Ericsson AB. It was founded by Ren Zhengfei in 1987 after he retired from Chinese military in 1983. In October 2011, Ren got his role limited when he divided the role of chief executive officer with a panel of three executives who keep on changing every six months.

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About the Author

Aman Jain
Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at amanjain@valuewalk.com

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