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Chinese telecoms firm Huawei should have a place in Italy’s future 5G network, said the Italian industry minister on Sunday. This comment came after the influential parliamentary committee appealed to Rome to block the company.
US has attempted to influence Italy and other European allies from refraining to use Huawei products in their next generation networks. They also called on to closely monitor the rival company ZTE on the grounds that it might cause a potential security risk.
Both ZTE and Huawei have denied that there is a risk.
“We have passed legislation that guarantees national security. With the right defenses, the possibility of (Huawei’s) access is not up for debate,” said minister Stefano Patuanelli, part of the ruling 5-Star Movement.
Italy’s parliamentary security committee Copasir expressed that the government must consider preventing ZTE and Huawei from joining in the development of 5G networks.
Telecom Italia, the biggest phone group in Italy, is presently selecting suppliers in the upgrade of its network infrastructure. Huawei is among the possible contenders.
Riccardo Fraccaro, cabinet undersecretary and a 5-Star member, said that the government cannot help but acknowledge Copasir’s opinion on the matter.
However, Patuanelli said that “Huawei offers the best solutions at the best prices.”
“One cannot fly the flag of the market with one hand and that of protectionism with the other,” he added.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
China's Commerce Ministry stated on Thursday that it would take the 'necessary' measures in response to the United Kingdom's ban on Huawei Technologies Co Ltd (HWT.UL). The government agency said that it would severely damage China's investment ...
Italy’s Treasury announced on Wednesday the state’s approval to a 6.3 billion euro ($7.1 billion) loan to Fiat Chrysler, directed to its unit in Italy. This is the largest crisis loan granted to any auto firm to date. The announcement ...
On Monday, German payment service provider Wirecard (WDI) said that the 1.9 billion Euros ($2.1 billion), which were supposed to be held in two accounts, probably do not exist. "The Management Board of Wirecard assesses on the basis of further ...
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