Huawei Is losing Millions Of Dollars Because Of Australia’s Blockade

2019-12-0316:22:27 Comments 13
Huawei Is losing Millions Of Dollars Because Of Australia's Blockade

Australia has blocked Huawei from participating in 5G construction․ Australia's blockade makes the company to lose millions of dollars and 1500 jobs․

First of all, Huawei has stepped up its opposition in Australia. Warning that if the ban continues, billions of dollars of investment and 1,500 jobs will be put at risk.

At the annual supplier summit in Sydney, Huawei informed representatives of its 50 Australian suppliers about the Australia's blockade. Therefore, the delivery could run out by the end of 2020 due to the ban.

In a statement, Huawei stated that "in the past few years, Huawei has worked with local contractors. this company to build mobile infrastructure for Australian operators investing nearly for $678 mln.

Also read: Four New 5G Smartphones Are Coming Soon

The director of corporate and public Jeremy Mitchell made a statement․ The majority of our suppliers are SME-s employs about 30 people. In many cases, Huawei generates about 80% revenue․

He also said, the 5G ban will turn bad these companies․ Also possible, Huawei's contractors and local subcontractors lose their jobs in the next 18 months. This is Huawei's latest move to overturn a government decision in August 2018. According to the decision, due to national security considerations, Huawei cannot actually participate in the bidding for 5G projects.

Huawei Is losing Millions Of Dollars Because Of Australia's Blockade

Before, Huawei told Australian politicians are having lagged behind other countries in deploying next-generation technology. By trying to restrain their competitors, their spending may increase․

The company added, that it has hired local law firm Xenophon-Davis's as its strategic advisor to defend․

The legal firm will work with Huawei's corporate affairs staff. The company will help us question the false and the misleading statements of the company by entities with a strong vested interest. Also, they can help provide a more fact-based dialogue on national media.

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