- Analytics
- News and Tools
- Market News
- Chinese telecommunications giant Huawei Technologies Co. has been blocked from supplying a 5G mobile network in New Zealand, a fresh setback as a U.S. campaign to shun its equipment intensifies
Chinese telecommunications giant Huawei Technologies Co. has been blocked from supplying a 5G mobile network in New Zealand, a fresh setback as a U.S. campaign to shun its equipment intensifies
Spark New Zealand said Wednesday that the Government Communications Security Bureau had told it that its plan to use Huawei equipment in the network--which Spark is due to complete by July 2020--would "raise significant national-security risks."
Huawei "is aware of Spark's statement and we are looking into the situation," a Huawei spokesman said. The world's largest maker of telecommunications equipment, Huawei is a major supplier of gear for next-generation 5G networks, which will offer higher speeds and help connect an expected boom in internet-connected devices.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
