AT&T's CEO said European countries should push Huawei to make its high-speed networking equipment work with gear from competitors.
AT&T CEO Randall Stephenson knows his company can't use Huawei's gear for high-speed networks, because the U.S. government won't allow it. But in Europe, the Chinese networking company has dominant market share, which is a problem as the world gears up for the move from 4G to 5G, Stephenson said on Tuesday at the Fintech Ideas Festival in San Francisco.
European nations have shunned U.S. calls to take the same approach to Huawei, and Huawei has rejected the allegations of spying and launched a lawsuit against the U.S. government. It's maintained that the U.S. intelligence community's concerns were driven by U.S. technology competition or trade deal negotiations.
When it comes to Europe, Stephenson didn't take a position on whether Huawei should be allowed to sell, but he did say that countries relying on its equipment should force the Chinese company to work with competitors and partners. American and other global companies will have a harder time competing, he said, if their equipment can't be used in the upgrade to 5G, which will be faster and allow for a far greater number of internet-connected devices.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AT&T CEO says China's Huawei hinders carriers from shifting suppliers for 5GAT&T Inc Chief Executive Randall Stephenson said Wednesday that China’s Huawei T...
Read more »
San Francisco Giants CEO will not be charged in altercation with wifeSan Francisco Giants CEO Larry Baer will not be criminally charged in an incident in which the executive was seen getting into an altercation with his wife, prosecutor’s office said.
Read more »
Deutsche Bank CEO sees strong case for merger with Commerzbank: sourceChristian Sewing, the chief executive of Deutsche Bank, believes there is a stro...
Read more »
IBM CEO Ginni Rometty To Women: 'Never Let Someone Define Who You Are'IBM CEO Ginni Rometty advises women in tech to accept risk to move forward with their careers, and to never let someone else define them as a victim or a failure.
Read more »
Social Ties Bind CEO, Directors at Victoria’s Secret ParentFor decades, Leslie Wexner has run Victoria’s Secret and his retail empire with a close-knit group of directors. But amid scrutiny, the company is preparing to bring in some fresh blood.
Read more »
'A world without screens': AT&T's CEO says the rise of 5G will fundamentally change the way we interact with techAT&T Chairman and CEO Randall Stephenson was interviewed yesterday by David Rubenstein at the Economic Club luncheon in Washington, DC.
Read more »
Perspective | Elizabeth Holmes’s weird, possibly fake baritone is actually her least baffling qualityPerspective: Elizabeth Holmes’s weird, possibly fake baritone is actually her least baffling quality
Read more »