Exclusive: Huawei In Early Talks With U.S. Firms To License 5G Platform – Huawei Executive

www.oann.com | 7/22/2019 | Staff
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WASHINGTON (Reuters) – Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday.

Vincent Pang, senior vice president and board director at the company said some firms had expressed interest in both a long-term deal or a one-off transfer, declining to name or quantify the companies.

Companies - Journey - Everything - Pang - Visit

“There are some companies talking to us, but it would take a long journey to really finalize everything,” Pang explained on a visit to Washington this week. “They have shown interest,” he added, saying conversations are only a couple of weeks old and not at a detailed level yet.

The U.S. government, fearing Huawei equipment could be used to spy on customers, has led a campaign to convince allies to bar it from their 5G networks. Huawei has repeatedly denied the claim.

US - Providers - Rivals - Ericsson - Nokia

Currently there are no U.S. 5G providers and European rivals Ericsson and Nokia are generally more expensive.

In May, Huawei, the world’s largest telecoms equipment provider, was placed on a U.S. blacklist over national security concerns, banning it from buying American-made parts without a special license.

Washington - Charges - Company - Bank - Fraud

Washington also has brought criminal charges against the company, alleging bank fraud, violations of U.S. sanctions against Iran, and theft of trade secrets, which...
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