(Bloomberg) — China’s Huawei Technologies Co. just won a major seal of approval from one of Germany’s biggest telecom companies.Telefonica SA’s German unit picked Huawei and Finland’s Nokia Oyj to supply its fifth-generation mobile phone network upgrade, the company said Wednesday.The announcement is a boon to Huawei after Deutsche Telekom AG said last week it has stopped ordering new 5G equipment because of political uncertainty over Chinese suppliers. Huawei has repeatedly denied allegations its equipment could be used for espionage.The German government is currently drawing up security guidelines for the country’s 5G network expansion, in a move that’s expected to …read more
Source:: Yahoo Finance
