Trump plans to buy Nokia & Ericson to counter Huawei
By MYBRANDBOOK
US Attorney General William Barr has suggested the Trump administration to acquire either Nokia or Ericson or both companies to bolster its competition with China in the 5G race.
While China has a homegrown 5G network in Huawei, the US doesn’t have its own network. Nokia and Ericsson are Huawei’s major competitors in the telecom kits market. Therefore, Barr thinks the Trump administration’s best bet in the 5G competition with China is backing Huawei’s rivals.
However, not everyone in the Trump administration agrees with Barr’s suggestion. Vice President Mike Pence thinks that there’s a better way to counter China than the US purchasing Huawei’s competitors. President Trump’s economic advisor, Larry Kudlow, also thinks that the US taking control of Nokia and Ericsson isn’t a very smart idea.
Overall, 5G technology holds a big promise for the world as 5G could supercharge tech innovation. For example, 5G technology could improve mobile phone services and open new business opportunities for mobile network operators. Also, 5G could supercharge autonomous driving and boost generally Internet connectivity like connecting factory machines to the Internet.
Beyond the 5G rollout race against China, the US has also been leading a global campaign against Huawei. Specifically, the Trump administration is urging US allies to lock Huawei out of their 5G markets. However, Britain and the European Union have allowed Huawei to participate in their 5G markets with restrictions.
The US investing in Huawei’s rivals is just one way for it to try and stay ahead of China in the 5G race. The other option is encouraging US companies to acquire or invest in Nokia and Ericsson. The two companies have a combined market capitalization of about $50 billion.
Financially, Alphabet, an US based company could afford to purchase Nokia and Ericsson.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
Acer addresses evolving customer needs by consistently pushing
Acer offers a comprehensive range of products under one roof, including des
In India, 88% of Indian business leaders are planning to inves
As we move through 2024, it has become increasingly clear that AI is not ju
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
NETWEB TECHNOLOGIES INDIA LTD.
FIRE BOLTT
SECUREYE SERVICES PVT. LTD.
TVS ELECTRONICS LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : Dilip Asbe
At present, Dilip Asbe is heading National Payments Corporation of Ind...
Icons Of India : AMIT CHADHA
Amit Chadha serves as the CEO and Managing Director of L&T Technology ...
ICONS OF INDIA : ROSHNI NADAR MALHOTRA
Roshni Nadar Malhotra is the Chairperson of HCLTech, a leading global ...
PARTNER SPEAKERS
PSU
ITI - ITI Limited
ITI Limited is a leading provider of telecommunications equipment, sol...
ECIL - Electronics Corporation of India Limited
ECIL is distinguished by its diverse technological capabilities and it...
NSE - National Stock Exchange
NSE is the leading stock exchange in India....
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Vinod Dham, Founder & Executive Managing Partner, IndoUS Venture Partners
Vinod Dham, known as the “Father of the Pentium Chip,” has left an...
Indian Tech Talent Excelling The Tech World - Dheeraj Pandey, CEO, DevRev
Dheeraj Pandey, Co-founder and CEO at DevRev , has a remarkable journe...
Indian Tech Talent Excelling The Tech World - Lal Karsanbhai, President & CEO, Emerson
Lal Karsanbhai, President and CEO of Emerson, assumed the leadership i...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
