With its famous casino, the principality of Monaco is no stranger to a game of roulette. And in the eyes of the leaders of the European Union it has shown its gambling instincts by becoming the first country in Europe to install Huawei’s 5G telecoms infrastructure.
The new, faster technology is deemed essential to the next wave of innovation in areas such as autonomous cars and the internet of things (IoT). But Huawei’s 5G network is also controversial in Brussels (and Washington) for its alleged security risks, with the suggestion that it could grant Beijing a backdoor into confidential data.
Monaco Telecom signed an agreement with Shenzhen-based Huawei in September to install the kit in the world’s second smallest country. And according to Technode, the deal was a significant one as Monaco becomes the first in Europe to “fully welcome Huawei 5G technology as part of its core infrastructure and showcase its technology”.
“It allows us to make a shop window in a number of areas, notably linking 5G development to the intelligent state,” commented Guo Ping, a Huawei vice president.
Clearly, in this instance the principality is betting on red…
© ChinTell Ltd. All rights reserved.
Sponsored by HSBC.
The Week in China website and the weekly magazine publications are owned and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.