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India hands good news to Huawei, but Q4 results hit by sanctions

After all the tribulations of 2019, Huawei and ZTE started this year with some positive news as the Indian government allowed the Chinese vendors to take part in its upcoming 5G trials. This is significant because of the potential size of the Indian market opportunity, even if at-scale build-outs are delayed by rows over spectrum costs, but also because India has been, for years, inclined to impose restrictions (though not outright bans) on Chinese suppliers. As the huge country looks to build up its own telecoms equipment business, it might have been expected to align with the USA in the current trade and cybersecurity disputes, but it is likely to have listened to its beleaguered operators. Not only do these…

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