Huawei has struck a deal to build Russia's first 5G wireless network. The agreement comes at a critical time for the embattled Chinese tech company, which is now on the frontline in an escalating trade war between America and China.
The agreement with Russia's largest carrier, MTS, was signed on the sidelines of talks in Moscow between Chinese President Xi Jinping and Russian President Vladimir Putin.It comes at a critical time for the Shenzhen-based company, which is now on the frontline in an escalating trade war between America and China.
Huawei calls on Washington to 'halt illegal action' against the companyRead MoreRussia doesn't share American concerns about security and appears undeterred by the potential disruption to Huawei's supply chain. The MTS deal will not only create"the commercial use of 5G networks in Russia in the very near future, but also contribute to the further development of economic ties between Russia and China," MTS President and CEO Alexei Kornya said in a statement Thursday.
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