China's Ministry of Industry and Information Technology granted commercial-use 5G licenses on Thursday to China Broadcasting Network and the country's top three telecom operators - China Telecom, China Mobile and China Unicom.
Telecom giant Huawei announced the shipment of over 100,000 5G base stations that are considered among the best across the globe.
"Additionally, operators would need to replace existing infrastructure before implementing 5G upgrades".More news: E3 2019: Ghostwire Tokyo Is The Evil Within Director's Latest Title
The two companies account for roughly 40 percent of the European Union market in their supplies of mobile equipment, with Huawei being "currently a pioneer in 5G technology", it says, adding that Sweden's Ericsson and Finland's Nokia, as well as South Korea's Samsung, don't have the capacity to deal with the shift from 3G and 4G networks to next-generation 5G in Europe while also honouring contracts already inked in Asia and North America.
But Mourao, who met with Huawei Chief Executive Ren Zhengfei on a trip to China last month, said Brazil has no plans to bar Huawei when it launches its 5G network next year.
"Half of this would be due to European operators being impacted by higher input costs following significant loss of competition in the mobile equipment market", the report reads.More news: Lego Star Wars: The Skywalker Saga Covers Nine Movies In One Game
According to the report, a ban would also delay the deployment by 18 months of the technology, which will be used in areas ranging from self-driving cars to health and logistics.
In point of fact, in context of a garrulous trade-spat with China, United States had put a sanction of China's telecom gear maker Huawei to prevent its from purchasing supplies from U.S. companies, a move that would likely to make it nearly impossible for the world's largest telecom equipment maker to stay operational.
The company said on Friday that it is taking the lead in the global 5G market and has secured 46 commercial contracts in 30 countries.More news: Paltrow reveals she doesn't live with husband full time
The US administration has hit Huawei with severe sanctions and banned American telecoms firms from installing foreign-made equipment that could pose a threat to national security.