US should buy control of Nokia, Ericsson to fight Huawei: attorney general
The United States and its allies should take controlling stakes in Nokia, Ericsson or both to battle Chinese telecoms giant Huaweis dominance of the 5G market, US Attorney general Bill Barr said Thursday.
There are only two companies that can compete with Huawei right now: Nokia and Ericsson, Barr said in a speech on the Chinese economic threat.
The main concern about these suppliers is that they have neither Huaweis scale nor the backing of a powerful country with a large embedded market like China, he said.
Barr, who was speaking at a conference on Chinas security threat at the Center for Strategic and International Studies in Washington, spent 14 years as top executive of US telecommunications companies GTE and Verizon before leading the Justice Department.
https://www.rawstory.com/2020/02/us-should-buy-control-of-nokia-ericsson-to-fight-huawei-attorney-general/