Huawei Sheds 3Leaf
Huawei had been resisting pressure from the Committee on Foreign Investment in the United States (CFIUS) to cancel its purchase, which was completed on May 31, 2010, but has finally relented. (See Huawei Acquisition Under US Review.)
In a statement e-mailed to Light Reading, Huawei noted: "This was a difficult decision, however we have decided to accept the recommendation of CFIUS to withdraw our application to acquire specific assets of 3Leaf. Huawei will remain committed to long-term investment in the United States."
There are those, including the Chinese vendor's CTO Matt Bross, who believe that sentiment towards Huawei in the U.S. will improve in time, and that the company will be able to trade unhindered by suspicion and political fear.
Bross shared that view with EuroBlog at the recent FTTH conference in Milan. (See FTTH Friends.)
And it seems that Huawei was hoping the 3Leaf deal would help in its quest to be accepted in the U.S., as it noted in its statement: "The significant impact and attention that this transaction has caused were not what we intended. Rather, our intention was to go through all the procedures to reveal the truth about Huawei."
As Launcelot says to Old Gobbo in Shakespeare's The Merchant of Venice (Act 2, Scene II), the "truth will out."
— Ray Le Maistre, International Managing Editor, Light Reading