Huawei to invest US$3.1 bln in Italy but calls for fair policy on 5G

MILAN: China’s Huawei Technologies said it would invest US$3.1 billion in Italy over the next three years, as the Chinese telecoms giant called on Rome to ensure the “transparent, efficient and fair” use of its ‘golden power’ on 5G network development.

Italy recently beefed up the measure due partly to concerns over the potential involvement of Huawei and fellow Chinese company ZTE Corp in the development of 5G networks, a government source said on Friday.He also confirmed the Chinese company would cut 1,000 jobs in the United States. He said if the company is kept on a blacklist in August by Washington, it has “a plan B” to guarantee supplies of components.

The rapprochement has angered Washington and alarmed some European Union allies, who fear it could see Beijing gain access to sensitive technologies. “It is very important that the 5G technology is neutral,” Miao said adding that the new norms should apply “to all players to make sure that from day one we have a safe and reliable infrastructure”.“In the worst case scenario up to 165 days may be needed to get approval for deals regarding 5G,” Miao told reporters, adding this was too long a period of time.

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