US to use financial incentives to muscle Huawei out of Brazil
The US Ambassador to Brazil has confirmed talks between the two nations for 5G financing under the condition that Huawei is excluded from networks.
Jamie Davies
June 15, 2020
3 Min Read
The US Ambassador to Brazil has confirmed talks between the two nations for 5G financing under the condition that Huawei is excluded from networks.
Speaking to local press, US Ambassador to Brazil Toby Chapman has said the country would be willing to finance the country’s 5G mission assuming the money would only be used to purchase equipment from Ericsson or Nokia.
“DFC [Development Finance Corporation] is a fantastic organisation, with capital of $60 billion,” Chapman said during the interview.