The US is looking at ways to funnel money to Huawei’s European rivals, as officials warn that the Chinese company is becoming dangerously dominant in the global race for the next generation of mobile communications.
Officials in the US government have suggested issuing credit to companies such as Nokia and Ericsson to enable them to match the generous financing terms that Huawei offers to its customers, according to two people with knowledge of the situation.
The move is part of a wider push to fund a rival to the Chinese company, which is the largest telecoms equipment maker in the world, but which the US believes poses a security risk to it and its allies.
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