Finland’s Nokia and Sweden’s Ericsson are widely expected to gain from a wounded Huawei Technologies after the US banned the Chinese telecommunications equipment maker, the global market leader, from supplying its 5G network gear to federal agencies and cut off its access to American hi-tech suppliers.
But what those two European companies stand to win may be cancelled out by losing ground in China, where the upgrade to 5G networks is set to take place to better serve the country’s more than 1.4 billion mobile subscribers, according to analysts.
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