HomeNewsThe addition of the Ethiopia Front to the US vs China Trade...

The addition of the Ethiopia Front to the US vs China Trade war

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Last Updated on 26/05/2021 by Khushi

In a recently held telecommunications auction in Ethiopia which was being closely watched by the interested entities, a US-backed consortium defeated one financed by China. This marks a victory for Washington in its push to challenge Beijing’s economic influence around the world.

The East African country announced on Saturday that it has selected a consortium of telecommunications companies led by the United Kingdom’s Vodafone Group PLC to build a nationwide, 5G-capable wireless network.

The group had received financial support from a newly formed United States foreign-aid agency for the respective project.

The agency provides low-interest loans, but there is a catch: the funds cannot be used to purchase telecom equipment from China’s Huawei Technologies Co. and ZTE Corp. since it is rather supposed as a spying threat by Washington even after the Company’s denying response to these speculations.

Khushi
Khushi
Khushi is an avid reader and loves analyzing companies in the digital space. Her interest is in online marketing, business, startups, and politics. She does everything perfectly by taking extra time.
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