DealBook: Really? Is the White House Proposing to Buy Ericsson or Nokia? - News Summed Up

DealBook: Really? Is the White House Proposing to Buy Ericsson or Nokia?


Bill Barr’s striking plan to counter HuaweiPresident Trump has made it very clear that he is worried about Huawei’s leading role in 5G wireless technology. Now his attorney general, Bill Barr, has offered a radical solution: having the U.S. invest in the Chinese company’s European counterparts. The U.S. doesn’t have a homegrown competitor to Huawei, Mr. Barr noted in a speech yesterday. The only viable rivals are Ericsson of Sweden and Nokia of Finland. “Our economic future is at stake,” Mr. Barr said.


Source: New York Times February 07, 2020 11:43 UTC



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