they. 6 6 are welcome back sweden's ericsson on wednesday announced it will supply bt with 5 g. cell tower equipment in major cities across the united kingdom the move comes after the british government block to walk away from its 5 g. mobile networks demanding u.k. providers remove weiwei gear from their infrastructure by 2027 ericsson says it will provide connectivity for bts customers in london belfast and cardiff dealing with roughly half of the company's 5 g. traffic now nokia eriksson's biggest rival signed a deal with bt in september which made the finnish company bts largest partner in the infrastructure build out carriers started to roll out 5 g. infrastructure in 2019 but coverage areas throughout the west are mostly in major metropolitan areas at this time the build out is expected to gain some steam with the release of apple's new 5 g. enabled i phone 12. the extradition hearing for a while weighs chief financial officer continued on wednesday the defense for men 10 is arguing against her arrest by canadian authorities meg was arrested at vancouver international airp

so instead they're moving over to companies like nokia and ericsson in this case it's nokia but what's really interesting about this as we've said in the past is that there is no evidence so far that the 5 g. technology that while wait which they again seem to be the world leader and is susceptible to any kind of hacking or backdoor access from the chinese government so even though the u.s. continues to maddy's claims and applies political pressure on countries like belgium to do this they are winning the u.s. is certainly winning this battle in terms of applying the pressure and forcing these deals away from while way instead to these other companies like nokia and it would be interesting to see it because a lot of this is due to the trump administration's trade war with china or that's at least where it seems to have started so as we get this contentious election in less than 30 days to be interesting to see where this whole situation goes i want to know one last point here before we go ben the u.k. has released a new report accusing weiwei of having close ties to the chinese governm

matt: what is the story with ericsson? it seems to get contracts in sweden? dani: that's right.expected profit. part of this is the huawei story. with increased scrutiny on the chinese company, ericsson is able to scoop up that market share. specifically, it has grown in both europe and in china. that will offset some of the impact have seen from the pandemic shares crawled up 2% this morning. anna: we spoke to the ceo a little earlier fun. paints continue to do well. they are also seeing a pick up on the industrial side of the business. dani: those were things impacted by the coronavirus. it is interesting he said he didn't think the second wave much,impact them as they are somewhat insulated from that and there is no need for major cutbacks as well. all those things he discussed with you guys, this morning surely will help their stock rise in today's trading session. share buyback a plan to be computed in 2021. with so many companies stalling their buybacks and payouts, that is surely welcome news to the markets. anna, matt. matt: dani burger, thanks very much, talking about t

service calling china one of the biggest threats against sweden this panic could benefit sweden's ericsson and finland's nokia which are the 5 g. competitors this comes as european governments have been restructuring or restricting access to always 5 g. following u.s. pressure in july the united kingdom became the 1st country to purge wall way out of the country's 5 g. networks by 2027 p.t.'s gave a talk on operators a deadline of january 2025 to remove all wall way and the year from their existing infrastructure is for these core functions while way and they have not yet responded. the u.s. department of justice has filed an antitrust lawsuit against google accusing the tech giant of using its dominance as a popular search engine to stifle competition it's the most aggressive legal challenge to the company in 20 years and the biggest showdown yet between google and the federal government but will the lawsuit really make a big difference while legal journalist molly barrows can. weigh or has more molly good to see you hi farrah what does the government say google is doing to fend off its c

channel that seems to be tilting further to the right by the day its most outspoken contributor is ericssonmore bundling big immigration debate with flagrant islamophobia he recently said this of unaccompanied minors migrating to france. sure. for you. francis television watchdog the c.s.a. launched an investigation which is unlikely to troubles him he's already been convicted of hate speech 3 times and every weeknight see news provides him with a platform elsewhere in the french media anti muslim sentiment cloaked under a veil of secularism is common it's visible in the kind of interviewees and analysts they favor sometimes in the journalists they hire such as joy. as wayne try a print reporter at le figaro who showed her true colors recently when she saw a young muslim female blogger online the blogger wasn't even talking about politics she was sharing budget friendly recipes with university students. so she's wearing a headscarf and a french journalist ritu 8911 as sophie ending her the job with this horrific terrorist attack. like. this joins was invited in every single news network to

nokia and ericsson i would remind viewers that both of those companies are co oh and by national governments those are not even private companies they actually have on their books national governments owning big large chunks of those companies so while we may have funding from the chinese and i don't doubt that the chinese would probably compromise data so was everyone else so either we clean it all up or we don't pick out one company and say that one company is wrong when everyone else is right for doing the same and for the united states it's liking our i'm washing my hands here and it's ok for us because we are your government so please trust us but it's not ok for china to do it jeffery. the reality of the push of arc against wa is when one company is held down others actually grow we are seeing that now samsung said thursday its 3rd quarter profit likely jumped 58 percent to more than 10000000000 dollars this is the highest in 2 years as u.s. restrictions on china's wall way boosted the south korean attack giant's phone and even chip sales isn't this idea of holding one company back whi

in the telecom space we literally don't have a company that makes 5 year rate europe does ericsson a nuke you know but they exist only because while we let's them always not doing their own chips there we're the last vestige of technology supremacy us and was a gypsy that's going to be gone in 2 to 3 years always all over the world you know now all the data networks will go off to probably always software companies we had which could have been making telecom equipment they got it if i ain't seen mortgage backed securities in eastern europe right this is also going to follow the root cause it goes back to the money printing the finance capitalism we treat fixed assets as a curse we don't want we don't want you know we don't want our r. and d. spending us as great everything that all of our u.s. technical supremacy starting with r. and d. spending bill labs places like this back in china so you've got why we got many 5 g. check you've got kicked out that came out of nowhere they're based out of shape. you know as regards debating them or not how is the chinese social media company he a

sanctions ericsson the swedish film maker and 5 g. telecom company has basically had to abandon its projects in iran and right now wall way is filling the gap there so they've actually found a new place to do business because of us ancients so it's kind of interesting how that works what the usa should say hurting them a lot in front creating opportunity on another front very much they're actually getting ahead like you said in their own way kristie meanwhile saudi arabia said they would partner with wa way to develop arabic language recognition in ai and train saudi experts in the field that would go against us think sions what's the chance that will happen. so this could very well happen and would be very problematic for the u.s. so arabic is a very under-served language when it comes to technology so in order for saudi arabia to spearhead the effort it needs a strategic partnership with someone like him to develop arabic language recognition so this makes a lot of sense given that china already has experience and advantage in chara

security risks potentially being a tool in which beijing uses for spying but sweden is also home to ericsson one of wall ways largest rivals china's ministry of foreign affairs spokesperson on wednesday said a new balance 5 g. technology violates international economic and trade rules group. could the swedish side use national security as an excuse to discredit chinese enterprises in an own warranted manner openly suppress chinese telecommunications companies and politicize normal business cooperation without any evidence china was.

security risks potentially being a tool in which beijing uses for spying but sweden is also home to ericsson one of wall weighs largest rivals china's ministry of foreign affairs spokesperson on wednesday said and you balance 5 g. technology violates international economic and trade rules group owns and mailroom could the swedish side use national security as an excuse to discredit chinese enterprises in an own warranted manner openly suppress chinese telecommunications companies and politicize normal business cooperation without any evidence to china it was sweden's 8 largest exports the country made up 10 percent of while ways revenue the u.s. is reportedly giving brazil incentives to block wildly from the country officials from the export import bank of the united states signed a memorandum for financing up to $1000000000.00 analysts say while wall way is exploding in china its international hurdles will make it difficult for the smartphone company to remain number one it's still them in the 2nd quarter being up there as one of the leaders on a global basis in phone sales but outside of c

hans vest baruch has been a 5g expert, even before he got to verizon, when he was at ericsson.t is interesting to see them turning that apple announcement into an ad for itself, and for apple to give verizon this kind of incredible endorsement they did. vonnie: interesting to see what kind of partnership -- because we don't have the prices or the types of contracts, how this will all work. we know it has a faster camera lens,al you can also play league of legends on it. will people buy the phone just based on the design improvements alone? david: in addition to the 5g 14 processorle's a is an astonishing advance. they were just talking a minute ago about 60% speed improvements from the processor, and that they have a graphics processor that they said was about 50% faster. in addition to the 5g capabilities, there are some very significant technical underpinnings for these phones to make them perform generally better. big difference. i don't think the price will be -- they will be roughly what you are paying today. i think the service price from the carriers will not be dramatic

problem.eal i feel like for the past year i've been on unpaid spokesman for nokia and ericsson. [laughter] not even american companies. you are 100% right, arthur, they have realized the threat not only to national security but the personal private data of their citizens as posed by china and huawei, which reports to the ccp directly. they are coming along and realizing it is not safe to have the chinese backbone internetworks. i think what you are seeing is a realignment geopolitically. there was a time when most of us grew up, a lot of younger people and thishen the ussr, movement, the group of 72 countries, and they kind of floated between the two. that has changed. now we have a group of authoritarian, totalitarian countries -- russia, iran, china, maybe others moving in that direction, and you also have a group of democracies -- the united states, eastern and western europe, the eu, the u.k., india, brazil, indonesia, malaysia. what we will start having is a divided level between democracies, countries that share our values and believe in rights of authoritarian countries t

just like imagine a blackberry one or a flip phone or sony ericsson or something.it's 20 years old, it's really outdated. >> reporter: bennie smith knows from experience. he is an information technology expert on computer security. the d.r.e. machines came into vogue after punch card ballots created chaos in the 2000 bush versus gore election. by 2004, nearly one in three voters in the u.s. used d.r.e.s. but as the security vulnerabilities came to light, most jurisdictions got rid of them. in november, less than 10% of americans will vote using d.r.e. machines. >> the trend lines are solidly in favor of complete elimination of d.r.e.s. >> reporter: chris krebs is director of the cyber security and infrastructure security agency at the department of homeland security. >> so we have a series of security controls that are in place that can harden those systems. but ultimately, when you think about the riskiest bits of election systems, election infrastructure, to exploit these kinds of machines at scale to change an election outcome, incredibly complicated. >> reporte

verizon andu join becoming the ceo, ericsson, the company all about structure, and what about providingaccess customer it was big in china, for example. you know u.s. markets versus the rest of the world. how much do you think the u.s. is competitive with its 5g rollout with china? is it and that? neck and neck? hans: we were first with 5g computing and with 5g commercial smartphone, and we see in the u.s. now with the iphone, i think we are clearly leading in the 5g world, and i am proud at what we have done in verizon. also, the industry, there is a lot of other companies in the position, so i feel good. >> that was the verizon ceo talking to bloomberg. big newsmakers over on bloomberg radio, broadcasting live from our studio in hong kong. you can listen in at radio plus or at bloomberg.com. plenty more ahead. this is bloomberg. ♪ is a quick check of the latest business flash headlines. hsbc left off the list for the first time since beijing resumed deals in 2017. the sale will include 13 banks, four from china, and other such as bank of america, citigroup, and standard chartered. the

angry, it's a smear campaign, right up the alley, no denial from joe biden and the media turns on bo ericssond be applauding him for asking the question. maria: this is a massive potential cover-up by the media as well as the fbi and some members of congress. adam schiff was running around on sunday shows saying this was russian disinformation and out lie according to the sitting director of national intelligence, john ratcliffe joined us yesterday in an exclusive interview that went viral. this e-mail is legitimate. >> so, maria, the fact that i know so little about those emails and what is apparently on hunter biden's laptop underscores the point that i just made. this is not part of some part of russian disinformation campaign. the intelligence community has not been involved with hunter biden's laptop, he would be subject to any investigation regarding fraud or corruption would be rightfully the jurisdiction of the fbi, so the fbi has had possession of this. what i can say without commenting on any investigation that they may have into corruption or fraud is to say that their investigatio