China’s 5G push will assist Huawei.
Angela Lang/CNET
China authorized 5G licenses for a quartet of state-owned bodies on Thursday, winning financial investment in suppliers like Huawei, a report stated.
Carriers China Mobile, China Unicom and China Telecom, along with broadcaster China Broadcasting Network Corporation, got the licenses, according to Reuters.
The providers were provided trial licenses at the end of 2018, however Thursday’s statement lets them start business implementation prior to the initial 2020 timeline. It’ll trigger early financial investment in Huawei and other suppliers too, the news event service kept in mind.
Watch this:
What is going on between Huawei and the US?
4:59
It follows Huawei signing a deal to help develop Russia’s 5G network and comes in the wake of President Donald Trump signed an executive order effectively banning the Chine phone maker from US communications networks, based on national security concerns over Huawei’s links with the Chinese government. The US is also urging its allies not to do business with Huawei.
The company has consistently denied such ties, and its chairman said this week the company is willing to sign a “no-spy agreement” with the US.
Huawei didn’t immediately respond to a request for comment.
First published at 5:24 a.m. PT.
Updated at 6:40 a.m. PT: Adds more detail.
