Huawei Technologies seeks reboot after losing out on 5G spectrum trials

After 20 years in India and after having invested over $2 billion, the road ahead for Huawei Technologies has never looked bleaker.

With the government closing the doors to Chinese companies for 5G trials, Huawei is set to miss out on what is the largest upcoming business opportunity for selling telecom gear – the 5G trials. Based on industry estimates, telecom companies, including Bharti Airtel, Reliance Jio, Vodafone Idea and BSNL, are expected to invest over $10 billion on buying 5G telecom equipment in the next five years as they transition from non-standalone networks to …