News & Events

White House dismisses idea of U.S. buying Nokia, Ericsson to challenge Huawei – Source Reuters Tech News

WASHINGTON (Reuters) – U.S. Vice President Mike Pence on Friday and the top White House economic adviser dismissed an unusual suggestion from U.S. Attorney General William Barr that the United States consider taking control of two major foreign rivals of China-based Huawei Technologies Co Ltd.

FILE PHOTO – U.S. Vice President Mike Pence arrives in front of Senate Majority Leader Mitch McConnell for U.S. President Donald Trump’s State of the Union address to a joint session of the U.S. Congress in the House Chamber of the U.S. Capitol in Washington, U.S. February 4, 2020. REUTERS/Leah Millis/POOL

Barr, a former general counsel at Verizon Communications Inc (VZ.N), said on Thursday the United States and its allies should consider taking a “controlling stake” in Finland’s Nokia (NOKIA.HE) and Sweden’s Ericsson (ERICb.ST) to counter Huawei’s dominance in next-generation 5G wireless technology.

White House economic adviser Larry Kudlow added later on Friday that the United…

Read More…

Source Reuters Tech News

Source link