The U.S. will provide $1 billion in financing to Brazil to prevent Huawei from entering the local 5g network

category:Internet
 The U.S. will provide $1 billion in financing to Brazil to prevent Huawei from entering the local 5g network


During a visit to Brazil on Tuesday, the Export Import Bank of the United States (exim) and U.S. government officials signed a memorandum of understanding to identify possible financing opportunities for up to $1bn.

According to a statement by Robert OBrien, the US national security adviser, these areas may include energy, especially in telecommunications and the important 5g network..

According to Reuters, U.S. officials told reporters when signing the agreement that the money could be used for Brazil to buy Telecom equipment from Huawei competitors.

Huawei, which has been operating in Brazil for 22 years, is a localized company with a good track record in high-quality products and network security, a Huawei spokesman said in a statement. In the past 30 years, we have never had a major cyber security incident in 170 countries in which we operate. We have the trust of our customers and partners, committed to Brazils digital transformation and open communication with all stakeholders.

The United States has been pressing around the world to ban Huawei equipment in 5g networks on the ground of national security. Huawei has repeatedly denied US claims that Huaweis equipment may be used by the Chinese government for spying surveillance operations.

Just this week, Sweden announced that Huawei and ZTE, the Chinese equipment manufacturers, were banned from participating in the countrys 5g network construction. If Brazils market is huge, it will undoubtedly be another big blow to Huawei.

Source: c114 communication network editor in charge: Mao Xinsi_ NBJS11624