In another setback for China, Swedish court upholds ban on tech giant Huawei ANI | Updated: Jun 23, 2021 05:32 IST
Stockholm [Sweden], July 23 (ANI): A Swedish court has upheld a ban on Chinese telecoms giant Huawei Technologies selling 5G equipment in the country, following Stockholm s decision to bar the company in October last year.
Sweden s regulator, the Post and Telecom Authority, banned the company along with its Chinese counterpart ZTE from the network in October because of security concerns on the recommendation of the nation s intelligence services. Huawei lost its initial appeal in December, reported South China Morning Post (SCMP).
A Huawei representative said that the company was disappointed with the court s verdict, adding that it was not the final ruling on the company s case.
Huawei 5G ban is upheld by Swedish court in further blow to Chinese telecoms giant koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
May 24, 2021 11:41am
Ericsson President and CEO Börje Ekholm has warned repeatedly that excluding Chinese vendors in Sweden is bad for competition. (Pixabay)
Ericsson is once again sounding the alarm bells over Sweden’s plans to exclude Chinese vendors from the 5G buildout, saying it may “adversely impact” the economic interests of Sweden and specifically, Ericsson.
Stockholm-based Ericsson previously issued warnings in its fourth-quarter 2020 and 2020 annual reports.
The company is in the process of issuing a EUR 500 million ($610 million) unsecured 8-year bond. In connection with that proposed issue, it’s updating the risk factors in its prospectus regarding geopolitical and trade uncertainty.
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