Washington has stepped up its offensive against Huawei, offering financing to Brazil to get the Chinese telco effectively blocked from the nation’s next-generation 5G networks.
During a trip to Brasilia on Tuesday, officials from the Export-Import Bank of the United States (EXIM) and U.S. government signed a memorandum of understanding to “identify potential opportunities” for financing up to $1 billion.
These include energy and “especially in the telecommunications area and the important 5G,” according to a statement by U.S. national security advisor Robert O’Brien.
U.S. officials told reporters at the signing that the money was available for Brazil to buy telecommunications equipment from Huawei’s rivals, according to Reuters.
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