The Biden administration has stopped approving licences for US companies to export most items to China’s Huawei, three sources said.
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China’s smartphone sales endured a record fall in 2022, tumbling 13% to their lowest level in a decade.
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Huawei estimated on Friday that its 2022 revenue remained flat, suggesting its sales decline due to US sanctions had come to a halt.
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Cell C said it is “transforming” its core business support system as it pivots to being what it calls a “digital lifestyle company”.
Promoted | Huawei had a big presence at this year’s AfricaCom, sharing insight on cutting-edge trends in the industry.