STOCKHOLM (Reuters) – Sweden’s digital minister stressed Ericsson’s (ERICb.ST) importance for jobs and technology in Europe on Friday after a U.S. official suggested the United States buy stakes in the telecoms gear maker or Finland’s Nokia (NOKIA.HE) to counter Huawei’s dominance in 5G.
FILE PHOTO: The Ericsson logo is seen at the Ericsson’s headquarters in Stockholm, Sweden June 14, 2018. Picture taken June 14, 2018. REUTERS/Olof Swahnberg/File Photo
U.S. Attorney General William Barr said in a speech on Thursday that the United States and its allies should consider the highly unusual step of taking a “controlling stake” in one or both of the Nordic rivals to China-based Huawei.
5G networks are at the center of a dispute over technology between the United States and China as they are expected to host a range of critical functions from driverless vehicles to smart electric grids and military communications, underscoring their importance to national security.
Source Reuters Tech News