China’s Huawei Technologies Co Ltd might have something to smile about in the face of rough sanctions it is facing from the US.
This time around, the Chinese company is having a good show for its 5G technology in a ‘friendly’ country – Russia.
Huawei and Russia’s mobile phone company, MTS have signed a 5G telecommunication network agreement for launches this year as well as other launches slated for the year 2020.
In a clear indication that the agreement is a strategic one, Reuters News reported that the agreement was signed following talks in Moscow between Russian President Vladimir Putin and Chinese President Xi Jinping.
However, Huawei is already been shunned by major markets and countries who have in the past raised concerns on the risk factor of the company’s 5G telecommunication network.
Moreover, several other countries across Europe are already boycotting Huawei’s equipment.
Earlier today, we reported that Norway has awarded the building of its 5G telecommunication network to a consortium led by Telenor, Telia and Ice.
The award shows Norway could be part of the countries who have kowtowed to US pressure to shun Huawei’s 5G telecommunication equipment.