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.
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
SECUREYE SERVICES PVT. LTD.
RELIANCE JIO INFOCOMM LTD.
VVDN TECHNOLOGIES
LENOVO GROUP LTD.
Technology Icons Of India 2023: Nikhil Rathi
Nikhil Rathi, Co-founder & CEO of Web Werks, a global leader in Data C...
Technology Icons Of India 2023: Rajiv Memani
As Chair of the EY Global Emerging Markets Committee, Rajiv connects e...
Technology Icons Of India 2023: Rajendra Singh Pawar
Rajendra Singh Pawar is an entrepreneur and businessperson who founded...
PGCIL transforming India with its wide power transmission network
Engaged in power transmission, POWERGRID or PGCIL is a stated owned In...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
FORTUNE MARKETING PVT. LTD.
Delhi based Fortune Marketing, An ISO 9001:2008 company, distributes ...
IRIS GLOBAL SERVICES PVT. LTD.
Iris Global services is one of the leading distribution houses that d...
INTEGRA MICRO SYSTEMS PVT. LTD.
Integra is a leading provider of innovative hi-technology products an...