Huawei offers US 5G deal

Huawei Technologies founder Ren Zhengfei is ready to licence his fifth-generation networking technology only to one other company — and he wants that potential arch-rival to be American.

The army officer-turned-billionaire has reiterated an offer to licence out Huawei’s full portfolio of 5G wireless technology — which would include chip designs, hardware and source code — to a single, exclusive licencee. That should be a US company because Europe is home to close competitors like Nokia and Ericsson and doesn’t need help to compete, he added.