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Pacific Undersea Cable Project Said to Sink After US Warns Against Chinese Participation

A World Bank-led project declined to award a contract to lay sensitive undersea communications cables after Pacific island governments heeded US warnings that participation of a Chinese company posed a security threat, two sources told Reuters. The former Huawei Marine Networks, now called HMN Technologies and majority owned by Shanghai-listed Hengtong Optic-Electric, submitted a bid for the $72.6 million (roughly ... Read More »