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Germany refuses to ban Huawei, as US considers financing its rivals

Germany is the latest country to refuse to bow to US demands to bar Huawei from 5G contracts, but the USA is not giving up on its fight to weaken the Chinese giant, and is reported to have been considering financing to help Nokia and Ericsson compete more aggressively with their arch-rival. According to reports in the UK’s Financial Times, one of several ideas being considered by the Trump administration is some form of financial assistance which would enable the European vendors to offer more competitive payment terms and vendor financing. This would level the playing field against Huawei (and ZTE), which can offer very attractive financing deals, underwritten by China’s state banks, argue US officials. Support for new financing…

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