U.S. Vice President Mike Pence on Friday declined to endorse an unusual suggesti...
Pence suggested an alternative approach when asked by CNBC for his response.
“That’s the plan the president has endorsed and will be carrying forward,” Pence said, adding that the United States can expand 5G “by using the power of the free market and American companies.” Shares in Nokia rose 4% and Ericsson shares were up nearly 5% Friday. Both companies declined to comment. In a remarkable statement underscoring how far the United States may be willing to go to counter Huawei, Barr on Thursday disclosed proposals “by the United States aligning itself with Nokia and/or Ericsson.”
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Nokia, Ericsson Shares Rise After U.S. Floats Investment Idea to Counter HuaweiShares in Ericsson and Nokia rose after the Trump administration floated the idea that the U.S. could buy a stake in either of the telecom-equipment manufacturers—a sign that investors at least are taking the gambit seriously.
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U.S., allies should consider Nokia, Ericsson investments to counter Huawei: BarrU.S. Attorney General William Barr on Thursday stressed the threat posed by Huaw...
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Trump 'apoplectic' with UK over Huawei 5G decision as US suggests taking stake in Nokia, EricssonU.S. Attorney General William Barr said a controlling stake in European telecoms equipment makers would 'blunt' Huawei's 'drive to domination.'
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To counter Huawei threat, U.S. should consider taking 'controlling stake' in Ericsson, Nokia -attorney generalFBI Director Christopher Wray told a conference the bureau currently had about 1,000 open investigations of Chinese technology theft across its 56 regional offices. Wray said China was aggressively exploiting U.S. academic openness to steal technology
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To counter Huawei, U.S. could take 'controlling stake' in Ericsson, Nokia: attorney generalThe FBI identified China as the biggest law enforcement threat to the U.S., and its director said Beijing was seeking to steal American technology by 'any means necessary'
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Ericsson and Nokia climb after Barr suggests U.S. or western stake purchasesShares of both Ericsson and Nokia advanced over 3% on Friday, following the comments by U.S. Attorney General William Barr who said the U.S. and allies...
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