Stock Groups

Nokia says has launched legal challenge to 5G exclusion in Romania -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – The Nokia logo and the ticker are shown on a floor at the New York Stock Exchange in New York (USA), May 21 2018. REUTERS/Brendan McDermid/File Photo

STOCKHOLM, (Reuters) – Finnish network equipment manufacturer Nokia (NYSE:), announced Thursday that it was challenging a Romanian government decision to ban it from selling 5G technology.

The United States backed legislation that barred Huawei from participating in the 5G network development was approved by Romania’s central government last year.

Nokia released a statement saying that it could confirm in February that they were told that 5G infrastructure equipment had not been authorized for Romanian use.

We are urgently seeking clarification on the causes of this decision, and we have initiated legal proceedings.”

Nokia didn’t provide any additional details.

Un rep for the Romanian government could not be reached immediately to comment.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]