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US looks to facilitate financing for European 5G vendors: Report

October 9, 2019

The U.S. government is studying alternatives to facilitate financing to European 5G vendors Ericsson a Nokia in a move to put obstacles to the global expansion of Huawei, according to a report by the Financial Times.

Officials in the Trump administration have suggested issuing credit lines to companies such as Nokia and Ericsson to enable them to match the generous financing terms that the Chinese vendor offers to its customers, according to two people with knowledge of the situation.

The report highlighted that Huawei offers longer payment terms to its customers thanks to the multibillion-dollar credit lines from China’s state banks.

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