India Finance News

Huawei India CEO thanks government for its faith in the Chinese firm

MUMBAI: Chinese firm Huwaei thanked the Indian government for letting all players- which includes the telecom equipment vendor , to participate in upcoming 5G trials. The government’s call to allow all participants will be a big relief to Huawei and ZTE who were battling allegations over security concerns for over a year.

“We have also read the news in media and we thank the Indian government for their continued faith in Huawei,” said Jay Chen, CEO, Huawei India on Monday.

“We firmly believe that only technology innovations and high quality networks will be the key to rejuvenating the Indian telecom industry. We have our full confidence in the Modi Government to drive 5G in India. We have our full confidence in Indian Government and industry to partner with best technology for India’s own long term benefit and also for cross industry development. Huawei is always committed to India,” he added.

Telecom minister Ravi Shankar Prasad on Monday said that the government had decided to give 5G spectrum for trials to all players.

5G trials will be done with all vendors and operators… We have taken an in-principle decision to give 5G spectrum for trials,” Telecom Minister Ravi Shankar Prasad told reporters Monday.

The trials are expected to be held in January 2020 and will be followed by auctions later on in the year in which the 5G spectrum will make its debut. Telcos have been urging the government to relook at the spectrum pricing but so far , the government has not budged from its stance.

Source: Economic Times

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