To counter Huawei, US could take 'controlling stake' in Ericsson, Nokia: attorney general

U.S. Attorney General William Barr said on Thursday the United States and its allies should consider the highly unusual step of taking a "controlling stake" in Finland's Nokia and Sweden's Ericsson to counter China-based Huawei's dominance in next-generation 5G wireless technology. In a remarkable statement underscoring how far the United States may be willing to go to counter Huawei Technologies Co, Barr disclosed in a speech at a conference on Chinese economic espionage that there had been proposals to meet the concerns "by the United States aligning itself with Nokia and/or Ericsson." Barr said the alignment could take place "through American ownership of a controlling stake, either...