BEIJING — While a Huawei executive faces possible U.S. charges over trade with Iran, the Chinese tech giant’s ambition to be a leader in next-generation telecoms is colliding with security worries abroad. But the accusations, amid rising tension over Chinese technology ambitions and spying, threaten its ability to compete in a sensitive field as carriers prepare to invest billions of dollars. Huawei accounted for 28 percent of last year’s $32 billion global sales of mobile network gear, according to IHS Markit. Asked about the impact of security concerns on its 5G business, Huawei said this year’s total revenue — which also includes the No. IDC’s Bhatra said excluding Huawei would leave countries with only two major 5G suppliers, Ericsson and Nokia.

Source: Philippine Daily Inquirer December 16, 2018 01:30 UTC