AIRLINK 204.45 Increased By ▲ 3.55 (1.77%)
BOP 10.09 Decreased By ▼ -0.06 (-0.59%)
CNERGY 6.91 Increased By ▲ 0.03 (0.44%)
FCCL 34.83 Increased By ▲ 0.74 (2.17%)
FFL 17.21 Increased By ▲ 0.23 (1.35%)
FLYNG 24.52 Increased By ▲ 0.48 (2%)
HUBC 137.40 Increased By ▲ 5.70 (4.33%)
HUMNL 13.82 Increased By ▲ 0.06 (0.44%)
KEL 4.91 Increased By ▲ 0.10 (2.08%)
KOSM 6.70 No Change ▼ 0.00 (0%)
MLCF 44.31 Increased By ▲ 0.98 (2.26%)
OGDC 221.91 Increased By ▲ 3.16 (1.44%)
PACE 7.09 Increased By ▲ 0.11 (1.58%)
PAEL 42.97 Increased By ▲ 1.43 (3.44%)
PIAHCLA 17.08 Increased By ▲ 0.01 (0.06%)
PIBTL 8.59 Decreased By ▼ -0.06 (-0.69%)
POWER 9.02 Decreased By ▼ -0.09 (-0.99%)
PPL 190.60 Increased By ▲ 3.48 (1.86%)
PRL 43.04 Increased By ▲ 0.98 (2.33%)
PTC 25.04 Increased By ▲ 0.05 (0.2%)
SEARL 106.41 Increased By ▲ 6.11 (6.09%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 42.91 Increased By ▲ 0.58 (1.37%)
SYM 18.31 Increased By ▲ 0.33 (1.84%)
TELE 9.14 Increased By ▲ 0.03 (0.33%)
TPLP 13.11 Increased By ▲ 0.18 (1.39%)
TRG 68.13 Decreased By ▼ -0.22 (-0.32%)
WAVESAPP 10.24 Decreased By ▼ -0.05 (-0.49%)
WTL 1.87 Increased By ▲ 0.01 (0.54%)
YOUW 4.09 Decreased By ▼ -0.04 (-0.97%)
BR100 12,137 Increased By 188.4 (1.58%)
BR30 37,146 Increased By 778.3 (2.14%)
KSE100 115,272 Increased By 1435.3 (1.26%)
KSE30 36,311 Increased By 549.3 (1.54%)
Business & Finance

Brazil's Bolsonaro to allow China's Huawei in 5G auctions

  • Like Trump, Bolsonaro opposes Huawei on the unproven grounds that it shares confidential data with China's Communist government.
  • China being Brazil's largest trade partner and Huawei's ability to compete on price, he has faced resistance from industry and within his own government,.
Published January 16, 2021

BRASILIA: Brazil's government will not seek to bar Chinese telecom equipment maker Huawei Technologies Co Ltd from 5G network auctions slated for June this year, newspaper Estado de S. Paulo reported on Saturday, citing government and industry sources.

Financial costs potentially worth billions of dollars and the exit of ally President Donald Trump from the White House are forcing President Jair Bolsonaro to backtrack on his opposition to Huawei bidding to provide the next generation cellular network for carriers in Brazil, the paper said.

Like Trump, Bolsonaro opposes Huawei on the unproven grounds that it shares confidential data with China's Communist government.

But, with China being Brazil's largest trade partner and Huawei's ability to compete on price, he has faced resistance from industry and within his own government, including from Vice President Hamilton Mourao.

Estado de S. Paulo quoted Mourao as saying all companies that provide the necessary guarantees on respecting Brazil's national sovereignty and data protection will be allowed to offer 5G equipment in the country.

Last month, sources told Reuters that Bolsonaro's government was looking for a legal way to exclude Huawei from 5G networks in Brazil.

Comments

Comments are closed.