Nokia and Ericsson have a combined market capitalization of about $53 billion and it is unclear what source of funds the U.S. government could potentially tap to take stakes in the firms
The Trump administration has pressed nations not to grant Huawei access to 5G networks.
'We are delighted to be pursuing our partnerships with both Nokia and Ericsson, two key long-term partners, in order to develop a powerful and innovative 5G network'
Fearing high-tech espionage, and battling with China over trade, the United States has pushed NATO allies such as Norway to exclude Huawei from lucrative 5G deals
Next-generation 5G technology, which can provide data speeds at least 20 times faster than 4G, will underpin the great advances of the next era
Finnish telecom network equipment maker Nokia plunged to a surprise quarterly loss due to a delay in booking 5G payments
LONDON/STOCKHOLM: Ericsson (ERICb.ST) said it was working with mobile companies in Britain and Japan to restore full service to millions of customers hit by outages caused by a software glitch in the Swedish company’s equipment. O2, Britain’s second biggest network, and Japan’s Softbank (9984.T) reported network outages on Thursday, leaving many customers unable to access internet services. Once the world’s biggest supplier of mobile communications gear, Ericsson has lost ground to China’s Huawei Technologies and…