Huawei Loses a Key Customer for 5G Network

Huawei CEO on 5G Development
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SoftBank Group Corp.’s Japanese telecom unit selected Nokia OyjBloomberg Terminal and Ericsson ABBloomberg Terminal as vendors for its next-generation wireless network, excluding long-time supplier Huawei Technologies Co.

SoftBank Corp. named Nokia as a strategic partner for 5G rollout and Ericsson as a supplier of radio access network equipment, the companies said in separate releasesBloomberg Terminal. Huawei, which together with ZTE Corp. was a 4G vendor for the Japanese company, wasn’t selected despite participating in earlier 5G trials. SoftBank declined further comment.