Huawei mulls selling access to its 5G tech

The proposal, made by Huawei Founder and CEO Ren Zhengfei, as per media reports, is seen as a move to put concerns about the security of the company’s 5G technology to rest. According to a report, while the US and Australia have banned their networks from using Huawei’s equipment, the UK is still weighing a decision.

Huawei has repeatedly denied accusations of spying for the Chinese government. “(Huawei is) open to sharing our 5G technologies and techniques with US companies, so that they can build up their own 5G industry,” reports quoted Ren as saying. “This would create a balanced situation between China, the US and Europe.”

He noted that Huawei would be looking for a buyer based outside Asia, somewhere in the West.

In one report, Ren said for a one-off payment a buyer would be given access to the company’s portfolio of huge 5G patents, licences, code, technical blueprints as well as production expertise.