The telco said it seeks to reduce the potential risk of a Huawei ban.
The firm is spending heavily to develop its own chips.
Canadian security agencies are still reviewing the security and technical issues.
The Chinese telecom’s participation in building Canada’s new 5G networks could give it access to juicy information. The result? Spying on businesses, stealing IP, election meddling.
It’s unclear if the arrest of two Canadians in China is retaliation for the arrest of Huawei’s CFO Meng Wanzhou in Vancouver.
Meng Wanzhou was detained in Vancouver on Saturday.
The firm will obtain a listing on the TSX Venture Exchange through a reverse takeover of Phoenix Canada Oil Company Ltd.