back to article There's got to be Huawei we can defeat Chinese tech giant, thinks US attorney-general. Aha, let's buy stake in Ericsson and Nokia

US attorney-general William Barr has urged the United States to buy a controlling stake in Nokia and Ericsson to build a competitor to Huawei. In a speech made at the DoJ's China Initiative Conference in Washington, the nation's legal advisor in chief said America and its allies need to be "actively considering" proposals for …

Page:

    1. Sanguma Bronze badge

      Re: [Hephalump] in the Room

      "holier-than-thou" - my word for that is "sacrosanctimonious"..

    2. MacroRodent Silver badge

      Re: Elephant in the Room

      As noted by someone earlier, both are publicly traded companies, with "owners" all around the world. If Barr wants U.S to buy either of them, it is hard to stop it, if they have the wads of cash to do it.

  1. Anonymous Coward
    Anonymous Coward

    Barr should be careful what he asks for

    A buddy of mine used to work for Nokia. Went to meetings in Finland. Said he hated going to meetings there with his boss. In the sauna.

    "I don't see why I have to get naked with my boss just to have a meeting."

    1. Benson's Cycle

      Re: Barr should be careful what he asks for

      No different from "I don't see why I have to wear a suit and tie to visit a customer site."

  2. HildyJ Silver badge
    Devil

    We've done it before

    About a decade ago the US bought a $51b stake in General Motors and look how well that worked out.

    Oh, wait a minute.

    1. druck Silver badge

      Re: We've done it before

      Not to forget what a roaring success it was when a US company last bough a bit of Nokia.

  3. PhilipN Silver badge

    Attorney General?

    WTF has it got to do with him?

  4. Kernel Silver badge

    What's really amusing about all this is that there is already a lot of cutting-edge research and development of communications infrastructure carried out in the US - by Nokia Bell Labs at their Menlow Park campus.

    1. Benson's Cycle

      For how much longer?

      If I were Nokia, I'd be repatriating it before the US government decides it comes under National Security and annexes it.

  5. sanmigueelbeer Silver badge
    Coat

    The Americans moved factories offshore -- "to cut cost", they say. Instead of seeing the prices of Chinese-made goods go down, it continuously increased.

    The Chinese then reverse-engineered the same goods and started selling them at a fraction of the American-branded ones -- and made money.

    I'm just saying ... IF the Chinese are able to manufacture something and make money then something is really, really wrong with the Yanks' "system".

  6. sanmigueelbeer Silver badge

    White House dismisses idea of US buying Nokia, Ericsson to challenge Huawei

    White House dismisses idea of US buying Nokia, Ericsson to challenge Huawei

    1. amanfromMars 1 Silver badge
      Facepalm

      Re: White House dismisses idea of US buying Nokia, Ericsson to challenge Huawei

      MRDA ...... They would say that, wouldn't they.

  7. sanmigueelbeer Silver badge
    Facepalm

    Deutsche Telekom tells Nokia to shape up

    Deutsche Telekom tells Nokia to shape up

    the German group considered Nokia the worst performer among all suppliers in 5G tests and deployments

  8. Adrastus

    Boris's motive

    During our recent election Corbyn and co illustrated how backward the UK's internet infrastructure was vis-a-vis the OECD mean. We lag because Thatcher curtailed BT's bid to provide a fibre-optic connection to every dwelling in return for pay TV by landline. She had an aversion to state monopoly. Ofcom is composed of disfunctional wankers who think a multiplicity of rent seekers constitute adequate competition to deliver an optimum. Even among the ill-informed this ideological drivel should have been displaced by the recent revelations. I suppose Boris's advisors hope to compensate (in part at least) for our existing inadequate coms by utilizing Huawei technology to deliver 5g timeously.

  9. AndyD 8-)₹

    While panicking about which foreign 5G is best/ safest no-one is considering the possibility that 5G is NOT the way forward (there aren't enough rural lampposts for a start!).

  10. fredesmite Bronze badge
    WTF?

    300M people in Amurika

    And the US gvmt wants to invest in Sweden and Finland for 5G ?

Page:

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2020