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AMOV - America Movil SAB De CV News Story

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Last Trade - 22/04/21

Large Cap
Market Cap £34.58bn
Enterprise Value £59.09bn
Revenue £36.74bn
Position in Universe 256th / 6852

UPDATE 1-Brazil's government plans 5G network separate from private market - document

Fri 29th January, 2021 8:46pm
(Adds government sources, background on attempts to ban Huawei,
    By Lisandra Paraguassu
    BRASILIA, Jan 29 (Reuters) - Brazil's federal government is
planning to commission a fifth-generation (5G) wireless network
exclusively for its own use with security requirements for
equipment suppliers separate from nationwide networks, according
to a document seen by Reuters.
    The plan, to be published in the official gazette on Friday,
calls for a 5G network limited to the Federal District, where
the capital Brasilia is located. 
    The government is preparing a spectrum auction this year for
5G networks, weighing security concerns that have led some
countries to exclude China's Huawei Technologies Co Ltd  HWT.UL 
as a supplier for those next-generation networks.
    The carve-out for a government network may give right-wing
President Jair Bolsonaro grounds to drop resistance to Huawei on
the broader national network, according to a person familiar
with the matter.
    Under pressure from former U.S. President Donald Trump,
Bolsonaro had taken the view that Huawei should be banned from
new networks as a security threat, but the government struggled
to find technical grounds for such an exclusion.*:nL1N2IO0YR
    Two other government sources, who spoke on condition of
anonymity because plans have not been made public, said the
measure makes no mention of Huawei, which can still supply the
private market.
    Huawei has denied that its equipment poses any security
threat to global markets.
    Brazil's main wireless companies already use Huawei
equipment and have lobbied against restricting suppliers for the
new technology, arguing that it would create significant costs
that would ultimately be passed on to consumers.
    A Huawei official said the Chinese company, the world's
largest telecom equipment maker, already has more than 50% of
Brazil's wireless infrastructure.
    "These security requirements apply to all supplier
companies. Anyone who fails to comply does not enter the secure
network," one source told Reuters, requesting anonymity to be
able to speak freely.

 (Reporting by Lisandra Paraguassu
Writing by Anthony Boadle
Editing by Brad Haynes and Richard Chang)
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