Huawei, Advised to Sell U.S. Assets, Waits on Obama

Huawei Technologies Co., China’s largest phone networks maker, rejected calls by a U.S. panel to divest technology assets bought from 3Leaf Systems and will wait for President Barack Obama’s decision on the issue.

The interagency Committee on Foreign Investment in the United States had recommended last week that the Shenzhen, China-based company sell the assets after some U.S. lawmakers said the deal threatened national security. Huawei’s decision now leaves Obama with 15 days to take a stand on the panel’s suggestion, Bill Plummer, the Chinese company’s Washington-based vice president of external affairs, said in an interview today.