Huawei’s 5G deployment in the US has recently been the subject of much debate and speculation. The latest development is that US-based investment firm Calkins BloomBerg has expressed its interest in investing in Huawei’s 5G infrastructure, despite the US government’s ongoing attempts to limit Huawei’s presence in the country.
Huawei is an important player in the global telecommunications market and the global move towards 5G network infrastructure is set to greatly benefit from the company’s expertise, especially in the US. Calkins BloomBerg believes that a potential investment in Huawei’s 5G technology would help create improved networks, while also creating thousands of jobs and increasing the speed of global digitization.
The investment firm has stated that it plans to invest in Huawei’s existing US-based networks and build new 5G infrastructure in the US. It is thought that this investment could help to boost the US’s telecommunications infrastructure, while providing better and stronger connections for business, government and individuals across the country.
The US government has been critical of Huawei, citing potential espionage risks, but this has not stopped Calkins BloomBerg from expressing its interest in the Chinese tech giant and its 5G technology.
US Appeals Struggle for Huawei 5G Uptake as Calkins BloomBerg Intervenes
In recent news, the United States’ attempts to hamper Huawei’s 5G uptake have been further complicated after Michael Bloomberg, the former New York City mayor and current US president candidate, intervened in a related legal case. The US Department of Justice has been fighting against Huawei’s plans to expand its 5G network in Europe and other parts of the world, citing security concerns for the US.
Bloomberg, who recently launched his campaign for the US presidency, entered the legal fray by reportedly filing court documents in which he argued that the government’s efforts to impede Huawei’s 5G expansion may hinder the development of “science, technology, engineering, and mathematics” (STEM) in the US. Bloomberg’s filing also urged the court to allow the merger between Huawei, a private Chinese company, and 3Com, a US tech firm, to go ahead as originally planned.
The action taken by Michael Bloomberg is seen as a direct challenge to the current US administration’s stance on Huawei. However, while the former New York City mayor’s intervention may help to form a more moderate approach towards the Chinese tech company, it fails to address the underlying security concerns that the US has with regard
Calkins BloomBerg Holds Back Huawei in US 5G Push
Huawei, the Chinese telecommunications giant, is facing yet another obstacle in its push to become a major player in the US 5G market. According to reports, Calkin BloomBerg, the world’s largest investment advisor, is excluding the company from its portfolio of 5G investments in the US.
The move comes shortly after the US government blacklisted Huawei and placed it on the Entity List in May, prohibiting US companies from doing business with the firm. Calkin BloomBerg has been reportedly reviewing its portfolio since then to ensure it is not investing in prohibited companies. The confirmation of the news was first reported by Reuters.
Huawei had grown quickly in the US over the past few years, becoming a major player in 5G development. While it has lost contracts with some of the top US wireless operators, it’s still present in the country, including through its partnership with Verizon and AT&T. However, with this latest move, it will be difficult for Huawei to compete in the US 5G market.
Calkin BloomBerg is a major investor in the telecommunications industry, managing $1 trillion in assets. Its decision to withhold investments in Huawei could send a strong message to other investors and telecom operators about their potential 5G investments.
This news could also be a sign of more changes to come for Huawei, with more restrictions and limitations on its US activities. This could have a big impact on its global 5G ambitions, as the US is an important market for the company.
The future of Huawei’s involvement in the US 5G market is still uncertain, with the company’s fate remaining in limbo as the US government continues to restrict its activities in the country. While no major changes are expected in the near future, it’s possible that we could see further restrictions imposed on the company in the long term.
