China is said to be considering retaliating against Nokia and Ericsson if the European Union follows the US and Britain in banning Huawei Technologies from 5G networks, according to a report.
British Prime Minister Boris Johnson’s government will ban Huawei from Britain’s 5G network by ordering operators to remove its equipment by 2027.
Finland’s Nokia on Tuesday became the first major telecoms equipment maker to commit to adding open interfaces in its products that will allow operators to build networks that are not tied to a vendor.
Vodafone has warned that Britain’s desire to lead the world in 5G technology will face a big blow if it decides to remove Huawei Technologies from the country’s telecoms infrastructure.
Missteps helped drive shares of Nokia in its current form close to their all-time lows as a multiple of expected earnings. Its new CEO, Pekka Lundmark, is tasked with the difficult job of returning it to prosperity.
Nokia is exploring strategic options as fierce competition puts pressure on the Finnish network equipment maker’s earnings, people familiar with the matter said.
The White House plans to hold a conference with Huawei’s rivals to try to accelerate development of affordable competing 5G wireless technology, President Donald Trump’s top economic adviser said.
The wireless industry scrapped its biggest annual showcase after the coronavirus outbreak sparked an exodus of participants, roiling telecommunications companies just as they’re preparing to roll out new 5G services.
Chinese gadget manufacturer TCL Communication has become the latest company to scale back its presence at upcoming tech show Mobile World Congress over concerns about coronavirus.
Ericsson has become the latest technology firm to pull out of the upcoming Mobile World Congress show over concerns about the coronavirus outbreak.
