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Reports: Verizon dropping plans to sell Huawei phones amid U.S. pressure

Published 01/30/2018, 12:33 PM
© Reuters.  Reports: Verizon dropping plans to sell Huawei phones amid U.S. pressure
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  • Verizon (VZ -0.1%) is dropping plans to sell phones made by China's Huawei, Bloomberg reports, amid U.S. government concerns about Chinese spying.
  • The company joins AT&T (T +0.9%) in such a move. Huawei was set to announce its first partnership with a major U.S. carrier earlier this month before AT&T pulled out of the deal at the last minute.
  • Government pressure not only presents a roadblock to Huawei (which would have had a tough go getting traction against Apple (NASDAQ:AAPL) and Samsung (KS:005930) under the best conditions), but also adds a hurdle to the race to offer 5G service, as Huawei had emphasized bringing a 5G-capable phone to market.
  • Now read: Verizon Names New NFV Vendors, M&A Chatter Begins


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