Huawei 'in London Underground Phones Bid'

Huawei Technologies Co. Ltd. in south China's Guangdong Province confirmed Monday that the company had participated in a phone network installation bid for the London Underground.

A senior executive of the company told Xinhua that the bid was worth some 50 million pounds.

"Huawei did participate in the bid, but I'm not supposed to give any more details," said the executive, who requested anonymity. "It's confidential," he added.

"The U.K. is an important market for Huawei, and we have been engaged in providing safe and hi-tech telecommunication services to the country," he said.

Earlier on Monday, the company also confirmed its withdrawal from purchasing assets of 3Leaf systems after the U.S. government recommended that the company sell the assets it had bought, citing security reasons.

Huawei is a multinational networking and telecommunications equipment supplier headquartered in Shenzhen. It is the largest networking and telecommunications equipment supplier in China and the second-largest supplier of mobile telecommunications infrastructure equipment in the world.