Business
Canberra Raiders major sponsor Huawei quits deal after nine years – Wide World of Sports
Chinese telecom giant walks mid-contract
Chinese telecom giant Huawei announced on Monday it is ending its oldest major sporting sponsorship deal in the world when it ends its contract with the Canberra Raiders after nine years, blaming a “continued negative business environment.”
Australia has barred the world’s largest maker of switching gear and a major smartphone brand from involvement in crucial national communication infrastructure in recent years, while China has ratcheted up pressure for an Australian policy reversal.
Huawei …
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