According to a UK media report, Italy one of the local telecom operators, Telecom Italia Group announced on July 9 that it has excluded Huawei 5G core equipment from its 5G project in Italy and Brazil. 5G core equipment from the 5G project tender in Italy and Brazil. Sources also came out later to explain that the decision was simply an industry choice, based on a choice among multiple partners. However, it seems to the outside world that the sudden reversal of Italy's attitude towards Huawei is feared to be influenced by recent developments in the UK, France and the US.
It is important to know that in April last year, Italy ignored the opposition of many countries in Europe and the United States, and became the first country in the coalition of G7 countries to join our overseas infrastructure cooperation projects. Also later threw an olive branch of cooperation to Huawei - guaranteeing that Huawei will not be treated differently in the construction of 5G telecom networks in Italy. For the warning from the United States, Italy also brought its own 5G telecom service supply agreement "Golden Rights" out as a shield, saying that this agreement can effectively protect Italy, so that Italy in the whole field of one of the most advanced countries in Europe. The implication is that the U.S. can stop worrying.
In Italy's resolute attitude of cooperation, last July, Huawei also released a very sincere commitment to Italy - the next three years is ready to invest in Italy 3.1 billion U.S. dollars the next three years is ready to invest in Italy the next three years is ready to invest in Italy. Huawei is prepared to invest $3.1 billion in Italy over the next three years (equivalent to about 21.6 billion yuan) and will also provide 1,000 jobs for the local community. Additionally, Huawei has also put together a proper plan A and B for its customers in terms of supplying components for 5G equipment, which is a major concern for European countries such as Italy, thus alleviating the concerns of the countries concerned about equipment supply constraints from the United States.
It is important to realize that in recent years, the European region has become Huawei's number one growth market overseas. As per Huawei's investment data for 2018, in the 12 European countries where the company procures the most, Huawei's indirect economic contribution to these countries through supply chain sourcing of products and services amounted to 5.4 billion euros (equivalent to about 42.6 billion yuan). Perhaps, as Italy tries to backtrack, it should also take into account its own future prospects for economic recovery. On July 9, local time, British telecom operators warned that attempts to quickly remove Huawei equipment would affect the UK's economic recovery.