- In the latest blow to China's Huawei, Nokia (NYSE:NOK) was instead chosen to help Orange and Proximus build 5G networks in Belgium.
- Huawei had been supplying equipment in Belgium for more than 10 years.
- The move comes after the U.S. supplier ban on Huawei, citing national security concerns. Brussels is home to the EU's executive body and parliament.
- Separately, Nokia announces it will provide data management software to Telefonica UK, replacing an unspecified supplier.
- Nokia shares are up 1.8% pre-market to $4.02.
- Previously: AT&T, Nokia, Ericsson chosen for Defense Dept. 5G testing (Oct. 08 2020)