Huawei is suing Sweden


The giant Chinese telecom group “Huawei” announced that it has filed a lawsuit against Sweden before an arbitration court of the World Bank, against the background of banning the sale of its products to the fifth generation Internet network in the country.
And the Chinese company announced in a statement that the decision of the Swedish authorities, which it described as “discriminatory against it”, which ruled “to exclude it from the process of launching the fifth generation network has severely damaged Huawei’s investments in Sweden.”The Chinese group indicated that it had “launched arbitration proceedings (…) against the Kingdom of Sweden” before the International Center for Settlement of Investment Disputes of the World Bank “following a number of measures taken by the Swedish authorities that directly targeted Huawei’s investments in Sweden by excluding Huawei from the process of launching products and fifth generation network services in the country.

Huawei has not announced the amount it is claiming for damages.

But according to the state TV channel SVI, the initial compensation claimed amounts to 5.2 billion Swedish crowns (495 million euros), but in the end it may become much larger.

Following the example of the United Kingdom in mid-2020, Sweden became the second European country, and the first in the European Union, to prevent telecom operators from using Huawei equipment in the country’s 5G network.

Sweden also ordered Huawei to withdraw the previously supplied equipment by January 1, 2025.

After a complaint filed by Huawei, a Swedish court ruled in June 2021 to uphold the decision of the Swedish postal and telecommunications authorities.

The measure caused a crisis in relations between Sweden and China. Beijing had warned at the time that the decision of the Swedish postal and communications authorities could have “repercussions” on Swedish companies operating in China, raising fears of reprisals against the giant Swedish telecoms group “Ericsson”, a competitor to Huawei.





These were the details of the news Huawei is suing Sweden for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Saudi Arabia’s open banking strategy a game-changer
NEXT Saudi Arabia, China discuss collaboration in urban development during Beijing meeting

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]