AT&T CEO Randall Stephenson knows his company can't use Huawei's gear for high-speed networks, because the U.S. government won't allow it. But in Europe, the Chinese networking company has dominant market share, which is a problem as the world gears up for the move from 4G to 5G, Stephenson said on Tuesday at the Fintech Ideas Festival in San Francisco.
European nations have shunned U.S. calls to take the same approach to Huawei, and Huawei has rejected the allegations of spying and launched a lawsuit against the U.S. government. It's maintained that the U.S. intelligence community's concerns were driven by U.S. technology competition or trade deal negotiations.
When it comes to Europe, Stephenson didn't take a position on whether Huawei should be allowed to sell, but he did say that countries relying on its equipment should force the Chinese company to work with competitors and partners. American and other global companies will have a harder time competing, he said, if their equipment can't be used in the upgrade to 5G, which will be faster and allow for a far greater number of internet-connected devices.
The world only needs their CCP general to stop campaigning for nationalist in the free world🙄💸
Or just ban it and remove their 'shoddy' gear from wherever it is installed! BoycottPRC
EU too small for China ambitions.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »