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UDN: Huawei Dismissed Australia’s Decision on 5G

United Daily News (UDN), one of the primary Taiwanese news groups, recently reported that 100 days after the Australian government announced its ban on Huawei communications technology for the country’s 5G infrastructure, Australian communications heavyweight TPG Telecom declared it would give up building 5G infrastructure on the national level entirely. TPG had invested around US$2 billion in the 5G infrastructure based on Huawei technology. It is quite amazing that a single Chinese company can have such a profound impact on a fairly sizable section of a nation’s infrastructure. The Huawei ban was a major financial setback for the company, which may take quite some time to recover. Huawei’s Vice Chairman explained that Huawei did not expect to enter all markets. He even named Australia in his comment that the entire Australian telecommunications market is smaller than the size of Guangzhou Mobile and the New Zealand market is smaller than that of his hometown – a mid-sized city in Hunan Province, so “losing a few countries really doesn’t matter.”

Source: UDN, February 21, 2019