The idea of a one-off fee in exchange for access to Huawei's 5G patents, licenses, code and know-how was first floated by Ren in interviews with the New York Times and the Economist in September.
We are very confident about the leadership in the technology space, and that is reflected in the fact that we are providing 20 5G commercial networks in all geographies around the world, he said
The firm has emerged as a key protagonist in the wider US-China trade war that has seen tit-for-tat tariffs imposed on hundreds of billions of dollars worth of goods
In May, Huawei, the world's largest telecoms equipment provider, was placed on a US blacklist over national security concerns, banning it from buying American-made parts without a special license
The world's largest maker of components for 5G networks said it's continuing to invest in India and working with the government to counter US allegations
Chen said it is now an "accepted fact that Huawei's technology is much ahead of the industry", and that the company is a "frontrunner in 5G".
Huawei, accused by Donald Trump's administration of aiding Beijing in spying while spearheading China's tech-superpower ambitions, is trying to claw back business and shore up trust in its products
Huawei lost five percentage points in market share following the US ban, even as buyers rallied to its brand at home
According to the company, the 5G version of the chip will be available in India with the upcoming line up of Huawei smartphones
Trump administration is also asking others to not give access to Huawei inside their countries
The govt should take an objective decision
According to a recent report quoting Union Communications Minister Ravi Shankar Prasad, India plans to develop its own 5G network
The deal will see "the development of 5G technologies and the pilot launch of 5G networks in 2019-2020": MTS
The company said it was well prepared for China's 5G commercial use. In February last year, it made the world's first 5G call and launched the first 5G terminal device
Companies' message to the govt is meant to assuage fears that any ban on Huawei could escalate equipment cost
The company reported revenue of $92 billion in 2017
Huawei is forging closer commercial ties with big telecom operators across Asia, the Americas and Europe, putting the company in prime position to lead the global race for future 5G networks
With preparations on for commercial rollout in the telecom sector of fifth-generation technology (5G) by 2020, data prices are likely to drop quite substantially.Beside people to people communication, it will expand applications to connect things (the internet of things) and address vertical businesses. Chinese network gear maker Huawei Technologies says the early stage of 5G rollout will see a boost in internet connectivity, at a much more affordable price."We believe that 5G, once commercially rolled out, can help operators reduce the cost of data production to a tenth of the current cost, depending upon fulfillment of conditions like carrier bandwidth and use of cutting-edge technologies like Massive MIMO," Emmanuel Coelho Alves, wireless marketing director at Huawei, told Business Standard.Data prices in India are already among the lowest in the world, thanks to Reliance Jio, which disrupted the market last year with its rollout of 4G services. Jio offered data at extremely cheap .