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Barr Wants U.S. to Consider 5G Investment in Nokia, Ericsson (1)

Feb. 7, 2020, 12:46 PM

The U.S. should urgently consider whether to enter into partnerships with companies of allied nations to counter the threat posed by China’s dominance of emerging 5G technology, Attorney General William Barr said, singling out Finland’s Nokia Oyj and Sweden’s Ericsson AB.

The U.S. should be “actively considering” investments into Nokia or Ericsson -- even weighing taking a controlling stake -- to accelerate development of an alternative to relying on Chinese technology and, specifically, Huawei Technologies Co., Barr said Thursday at a conference in Washington.

“It’s all very well to tell our friends and allies that they shouldn’t install ...