Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Trump, Finnish president to discuss 5G options to Huawei

Published 10/01/2019, 12:43 PM
Updated 10/01/2019, 12:43 PM
© Reuters. A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai

WASHINGTON (Reuters) - U.S. President Donald Trump and his Finnish counterpart on Wednesday are expected to discuss ways to improve 5G alternatives to offerings from Chinese telecoms equipment firms like Huawei Technologies Co Ltd [HWT.UL], a senior administration official said.

"Finland is home to Nokia (HE:NOKIA) which has quickly developed 5G technology that is at least on par with that of Huawei and ZTE (SZ:000063) and presents one of the viable alternatives to those countries that cherish privacy of their citizens' data, the integrity of their networks, the security of their critical infrastructure," the official said on Tuesday.

The senior administration official also accused Huawei and ZTE of involvement in "the modern day concentration camps of over 3 million Muslims," in a reference to China's detention of mostly Muslim Uighur minorities, in what U.S. officials have described as concentration camps.

Washington has led a worldwide campaign to convince allies to ban Huawei from their 5G networks, alleging the world's top telecommunications equipment maker could spy on users for Beijing. Huawei has denied the allegations.

Washington has also placed Huawei on a blacklist that prevents U.S. companies from selling most items to the world's no. 2 cell phone maker, citing national security concerns.

Trump and Finnish President Sauli Niinisto are also expected to touch on what the official described as Russian aggression and Chinese ambitions in the Arctic.

Earlier this year, Secretary of State Mike Pompeo said Russia was behaving aggressively in the Arctic and China's actions there had to be watched closely as well, after arriving in northern Finland for a meeting of nations with territory in the region.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.