U.S. Vice President Mike Pence on Friday declined to endorse an unusual suggesti...
Pence suggested an alternative approach when asked by CNBC for his response.
“That’s the plan the president has endorsed and will be carrying forward,” Pence said, adding that the United States can expand 5G “by using the power of the free market and American companies.” Shares in Nokia rose 4% and Ericsson shares were up nearly 5% Friday. Both companies declined to comment. In a remarkable statement underscoring how far the United States may be willing to go to counter Huawei, Barr on Thursday disclosed proposals “by the United States aligning itself with Nokia and/or Ericsson.”
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Ericsson and Nokia climb after Barr suggests U.S. or western stake purchasesShares of both Ericsson and Nokia advanced over 3% on Friday, following the comments by U.S. Attorney General William Barr who said the U.S. and allies...
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