AGL 38.48 Decreased By ▼ -0.08 (-0.21%)
AIRLINK 203.02 Decreased By ▼ -4.75 (-2.29%)
BOP 10.17 Increased By ▲ 0.11 (1.09%)
CNERGY 6.54 Decreased By ▼ -0.54 (-7.63%)
DCL 9.58 Decreased By ▼ -0.41 (-4.1%)
DFML 40.02 Decreased By ▼ -1.12 (-2.72%)
DGKC 98.08 Decreased By ▼ -5.38 (-5.2%)
FCCL 34.96 Decreased By ▼ -1.39 (-3.82%)
FFBL 86.43 Decreased By ▼ -5.16 (-5.63%)
FFL 13.90 Decreased By ▼ -0.70 (-4.79%)
HUBC 131.57 Decreased By ▼ -7.86 (-5.64%)
HUMNL 14.02 Decreased By ▼ -0.08 (-0.57%)
KEL 5.61 Decreased By ▼ -0.36 (-6.03%)
KOSM 7.27 Decreased By ▼ -0.59 (-7.51%)
MLCF 45.59 Decreased By ▼ -1.69 (-3.57%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 220.76 Decreased By ▼ -1.90 (-0.85%)
PAEL 38.48 Increased By ▲ 0.37 (0.97%)
PIBTL 8.91 Decreased By ▼ -0.36 (-3.88%)
PPL 197.88 Decreased By ▼ -7.97 (-3.87%)
PRL 39.03 Decreased By ▼ -0.82 (-2.06%)
PTC 25.47 Decreased By ▼ -1.15 (-4.32%)
SEARL 103.05 Decreased By ▼ -7.19 (-6.52%)
TELE 9.02 Decreased By ▼ -0.21 (-2.28%)
TOMCL 36.41 Decreased By ▼ -1.80 (-4.71%)
TPLP 13.75 Decreased By ▼ -0.02 (-0.15%)
TREET 25.12 Decreased By ▼ -1.33 (-5.03%)
TRG 58.04 Decreased By ▼ -2.50 (-4.13%)
UNITY 33.67 Decreased By ▼ -0.47 (-1.38%)
WTL 1.71 Decreased By ▼ -0.17 (-9.04%)
BR100 11,890 Decreased By -408.8 (-3.32%)
BR30 37,357 Decreased By -1520.9 (-3.91%)
KSE100 111,070 Decreased By -3790.4 (-3.3%)
KSE30 34,909 Decreased By -1287 (-3.56%)
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.