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moves money TNW June 24, 2026

China Telecom’s $1.7bn server deal hands Huawei a big win

China Telecom’s $1.7bn server deal hands Huawei a big win
AI Summary

China Telecom just ordered 40,000 servers worth $1.7bn. Huawei did not even bid, yet its ecosystem walked away with the bulk of the deal. A state-owned Chinese carrier has handed Huawei a major win without Huawei lifting a finger.

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