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| Will the US buy Nokia and Ericsson to challenge Huawei? |
Vice President Mike Pines and White House Economic Adviser Larry Kudlow denied Attorney General William Barr's claim that the United States plans to control Huawei Two foreign competitors of a Chinese company.
Barr, former general counsel for Verizon Communications, said: The United States and its allies should consider obtaining control interests in Nokia Finland and Ericsson in Sweden to combat Huawei's dominance of 5G networks.
The White House economic advisor said that the United States is working closely with Nokia and Ericsson. He said that business equipment is necessary to build the infrastructure for the 5G network, but the US government has not considered purchasing local or foreign companies, adding that nothing prevents American technology from acquiring it.
When Pence proposed a different approach when CNBC requested his answer, referring to the FCC Chairman's efforts to allow more frequency for 5G networks, Pence said: We believe the best method is the Ajitbae initiative announced in recent years. days.
"This is the plan that the president has agreed to and will go ahead," Pence added. He added that the United States can use the power of free markets and US companies to expand the reach of 5G networks.
The market value between Nokia and Ericsson is about $ 53 billion, and it is unclear how the US government can use the money to buy the company's shares and whether foreign regulators will agree to that.
In an important statement, Bar stressed the level of US readiness to fight Huawei. Bar unanimously announced the US proposal with Nokia or Ericsson and said that this amendment could be made directly through the United States or through collective control. American Special Forces and allied forces.
Bar added: “If we put our financial markets and financial capabilities outside one or both of these companies, they will become strong competitors and can dispel concerns about Huawei’s strength or portability, we and our key allies. Beloved should approach this approach for everyone“ to actively consider the issue. ”