To counter Huawei, U.S. could take 'controlling stake' in Ericsson, Nokia: attorney general

Source: Reuters | February 7, 2020 | Mark Hosenball, David Brunnstrom

WASHINGTON (Reuters) – U.S. Attorney General William Barr said on Thursday the United States and its allies should consider the highly unusual step of taking a “controlling stake” in Finland’s Nokia and Sweden’s Ericsson to counter China-based Huawei’s dominance in next-generation 5G wireless technology.

In a remarkable statement underscoring how far the United States may be willing to go to counter Huawei Technologies Co, Barr disclosed in a speech at a conference on Chinese economic espionage that there had been proposals to meet the concerns “by the United States aligning itself with Nokia and/or Ericsson.”

Barr said the alignment could take place “through American ownership of a controlling stake, either directly or through a consortium of private American and allied companies.”

“Putting our large market and financial muscle behind one or both of these firms would make it a far more formidable competitor and eliminate concerns over its staying power, or their staying power,” Barr said.

…….

Viewing 4 posts - 1 through 4 (of 4 total)
  • Discussion
  • Consistent #35523

    Consistent #35524

    Consistent #35528

    Consistent #35529

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.