Italy To Ban Huawei From Its 5G Plans

Italy will ban China’sHuawei Technologies and ZTE Corp from playing a role in the rollout of the country’s 5G infrastructure, Italy’s La Stampa newspaper said.

In order to do so the Italian government is ready to use so-called golden powers that allow it to pull out of contracts already signed without having to pay penalties, the paper said, citing the senior sources.

The paper cited sources as saying “strong pressure” had come from the United States.―Nasdaq