The new year is upon us, and we are looking forward to more and better information.
In the past few weeks, we’ve seen some very interesting developments regarding Huawei, and some very important news.
The news comes from a report from the US-based telecommunications publication Telecommunications Magazine.
The magazine reported that Huawei will be acquiring TCL Telecom for an undisclosed sum in the second quarter of 2017.
According to the report, the deal is expected to create a joint venture between TCL and Huawei.
It is believed to be valued at $1.7 billion.
Huawei will also be taking over a portfolio of telecoms, and will be the only telecommunications provider with a telecom license in India.
The article also mentions that TCL’s portfolio will include Vodafone India, which is the largest mobile network operator in the country.
The acquisition of TCL will be part of the ongoing consolidation effort at Huawei.
The company recently announced that it would merge with South Korean telecom giant SK Telecom in order to merge its telecom operations with the country’s largest telecom operator, SK Telecom.
According to a report by Bloomberg, the merged company will likely take over TCL as well as a number of other telecoms assets, including Telenor India, Reliance Communications, Religare, Vodacom, and Vodal.
The combined entity is believed by some to be worth more than $20 billion.
The merger is expected in the first half of 2017, with the acquisition of other assets and a new headquarters in India taking place by the end of the year.
This consolidation effort could create a big headache for Huawei, which already faces a significant market share disadvantage.
The Huawei-TCL merger is not the first time the two companies have been linked.
In March, Huawei was accused of breaching the Communications Security Establishment of India Act by providing telecom services to Vodaelele, a South Indian startup that was not a part of a government-approved scheme.
This incident was highlighted by former Prime Minister Narendra Modi, who said the move “could spell disaster for the government’s bid to build a nationwide broadband network”.
This is not Huawei’s first brush with the law, though.
Huawei was recently investigated for allegedly using a backdoor to tap Huawei-owned networks to access Huawei’s network.
In May 2016, the company was accused by the Indian government of violating several telecommunications laws, including the Communication Security Establishment Act and the National Information Technology Policy.