Huawei, Blacklisted Chinese telecommunications company is in early-stage talks with some U.S. telecommunications companies about licensing their 5 G network technology to them, a Huawei executive told Reuters Friday.
Vincent Pang, senior vice president and board director at the company said some firms had expressed interest in both a long-term deal or a one-off transfer, declining to name or quantify the companies, Reuters reported.
"Some companies are talking to us, but it would take a long journey to finalize it all," Pang explained this week on a visit to Washington. "They've been showing interest," he said, saying discussions are just a few weeks old and not yet at a detailed level.
The U.S. government has led a campaign to convince partners to ban it from their 5 G networks, claiming that Huawei hardware could be used to spy on consumers. Huawei has denied the claim on several occasions.
There are actually no U.S. 5 G providers and there are typically more costly European competitors Ericsson (ERICb. ST) and Nokia (NOKIA.HE).
In May, Huawei, the world's largest supplier of telecoms equipment, was put over national security concerns on a U.S. blacklist, preventing it from purchasing American-made parts without a special license.
Washington also has brought criminal charges against the company, alleging bank fraud, violations of U.S. sanctions against Iran, and theft of trade secrets, which Huawei denies.
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