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Business & FinanceTech

Reuters reveals Canada looks set for a fight over C$1 billion compensation for Huawei gear

Reuters broke the news that Canada is signaling it might not compensate major telecommunications providers if the federal government bans equipment made by China’s Huawei from 5G networks, setting up a potential fight over a bill that could hit C$1 billion ($758 million). If Ottawa does announce a formal ban, affected companies have made clear they want compensation for tearing out their existing Huawei gear, Reuters reported. 

Article Tags
Topics of Interest: Business & FinanceTech
Type: Reuters Best
Regions: AsiaNorth America
Countries: Canada
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text