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Huawei to Invest USD 3.1 Billion in Italy

Infrastructure News - Published on Wed, 17 Jul 2019

Image Source: Devdiscourse
Reuters reported that China’s Huawei Technologies would invest USD 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. Speaking at an event in Milan, the chief executive of the telecoms giant’s Italian unit, Mr Thomas Miao, said Italy’s golden power which allows the state to intervene in the private sector in the defense of national security should be extended to all vendors in the European Union.

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.

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Posted By : TelecomGuru on Wed, 17 Jul 2019
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