FRANKFURT/HONG KONG: China’s Huawei is forging closer commercial ties with big telecom operators across Europe and Asia, putting the company in prime position to lead the global race for next-generation 5G networks despite US allegations it poses a security threat.
Huawei’s dominant position in China – set to become the world’s biggest 5G market by far – is well-documented. However it has also been making in-roads in the rest of world to compete with rivals Ericsson and Nokia in several lucrative markets, including countries that are longstanding US allies.