The One Behind It All Chapter 50

It was originally a happy thing, but eight US congressmen proposed a bill, believing that the 3COM acquisition transaction threatened US national security. The reason is that the U.S. intelligence agency submitted a threat assessment report to the Committee on Foreign Investment in the United States, saying that the joint acquisition of 3COM by Bain Capital and Huawei posed a threat to U.S. national security. The U.S. government has long been concerned about its sensitive communications networks being controlled by foreign countries. 3COM's products include an intrusion detection technology that can help customers resist hacker intrusions. The U.S. Department of Defense is one of 3COM's major customers.

Huawei's planned acquisition of 3COM encountered political opposition and ultimately failed.

On March 21, 2008, Bain Capital announced that it had officially terminated the acquisition agreement signed with 3COM, which also meant that since it jointly proposed an acquisition plan of up to US$2.2 billion with Huawei in September 2007, this globally focused telecommunications company The merger and acquisition in the field ultimately failed. While the domestic industry in the United States lamented the failure of this acquisition, it also hinted at the United States' consistent nervousness and neurosis in terms of national security.

Despite the misfortune, Huawei was not discouraged and worked harder to do what it should do.

On March 30, 2009, in Dallas, the United States, Hu Houkun, President of Huawei's Global Sales and Services, and Stephen Bye, Vice President of Cox Wireless Business, held hands together. Huawei was selected by US telecom operator Cox Communications ("Cox") to provide it with an end-to-end CDMA mobile network solution. This is a milestone event for Huawei. It not only marks Huawei's first successful entry into the North American telecom operation equipment supply market, but also contributes to Huawei's 2009 order target of US$30 billion.