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Home / Business / Bill will offer $ 700 million to help US telecoms damaged by the Huawei ban

Bill will offer $ 700 million to help US telecoms damaged by the Huawei ban



WASHINGTON – Lawmakers introduced legislation Wednesday that would provide up to $ 700 million to help US telecommunications companies remove equipment purchased from Huawei Technologies Co. and other Chinese companies that considered a security risk.

The bill states a policy that America's next-generation 5G wireless network should not include equipment or services provided by Huawei, ZTE Corp.

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or their affiliates, according to a summary. It goes beyond measures announced by Trump administration last week aimed at Chinese telecom equipment, which was aimed at importing new Chinese equipment and imposed restrictions on US companies that exported components to Huawei.

It would provide up to $ 700 million available to help us telecom companies remove Chinese equipment and replace it.

Huawei and ZTE have previously denied that the equipment poses a security risk to the United States. They did not immediately respond to requests for comments on Wednesday. Many of the affected airlines are less rural carriers. Large wireless operators have generally stopped distributing suspected Chinese equipment since concerns began to be raised publicly in 201

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An extended version of this report appears on WSJ.com.

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