The CEO of Cisco disagreed with a Trump administration proposal to take an ownership stake in Nokia and Ericsson to counter China’s 5G offensive (CSCO)
|02/13/2020||Posted by BusinessMediaguide.Com under General World News||
- Cisco CEO Chuck Robbins disagreed with a recent Trump Administration proposal for the US government to invest in Ericsson and Nokia in order to counter China’s gains in 5G.
- Robbins was reacting to Attorney General William Barr’s statement last week that the US should take an ownership stake in the European telecom giants to prevent China, particularly Huawei, from dominating the 5G wireless market.
- “I don’t think the US government should make investments in these companies,” Robbins told analysts on Cisco’s fiscal second quarter earnings call. “I actually think the US is in fine shape. I think both from a carrier deployment read more >>>