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Huawei's U.S. ambitions take a hit as AT&T deal said to fall through

Josep Lago / AFP / Getty Images

A potential deal between Chinese tech giant Huawei and U.S. cell phone giant AT&T appears to have fallen apart at the 11th hour, according to the Wall Street Journal.

Why it matters: Huawei is already a major player in smartphones globally, but has struggled to crack the U.S. market